Amphenol (NYSE:APH) Price Target Raised to $102.00 at Truist Financial

Amphenol (NYSE:APH) had its price objective lifted by equities researchers at Truist Financial from $90.00 to $102.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Truist Financial’s price target would suggest a potential upside of 30.13% from the stock’s current price.

Several other brokerages have also issued reports on APH. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America lifted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.92.

Amphenol Trading Up 0.7 %

APH traded up $0.54 during trading on Thursday, hitting $78.38. 3,616,423 shares of the stock were exchanged, compared to its average volume of 6,869,709. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The firm has a 50 day simple moving average of $71.86 and a 200 day simple moving average of $67.86. The firm has a market cap of $94.50 billion, a price-to-earnings ratio of 45.11, a P/E/G ratio of 1.98 and a beta of 1.24. Amphenol has a 1 year low of $49.38 and a 1 year high of $78.55.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4,051,810 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities analysts expect that Amphenol will post 1.84 EPS for the current year.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fortitude Family Office LLC grew its holdings in shares of Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after purchasing an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the period. Fragasso Financial Advisors Inc raised its stake in shares of Amphenol by 4.7% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 171 shares in the last quarter. AlphaMark Advisors LLC grew its stake in Amphenol by 0.5% during the 4th quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock worth $2,376,000 after purchasing an additional 180 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its position in shares of Amphenol by 7.4% during the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after buying an additional 189 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.