Amphenol (NYSE:APH) Price Target Raised to $80.00 at Evercore ISI

Amphenol (NYSE:APH) had its price objective boosted by Evercore ISI from $75.00 to $80.00 in a research note released on Thursday, Benzinga reports. Evercore ISI currently has an outperform rating on the electronics maker’s stock.

Several other equities analysts have also recently weighed in on the company. Vertical Research began coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. UBS Group upped their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird lifted their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Truist Financial lifted their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.17.

Amphenol Trading Down 0.6 %

APH stock traded down $0.42 during mid-day trading on Thursday, reaching $69.38. 1,825,820 shares of the stock traded hands, compared to its average volume of 6,603,604. The stock’s fifty day moving average is $64.96 and its 200-day moving average is $64.47. The company has a market cap of $83.34 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol has a 52-week low of $39.48 and a 52-week high of $71.20.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts expect that Amphenol will post 1.76 earnings per share for the current year.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold a total of 570,000 shares of company stock worth $37,209,000 in the last 90 days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amphenol

A number of institutional investors and hedge funds have recently bought and sold shares of APH. Bank of New York Mellon Corp boosted its stake in Amphenol by 92.0% in the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after purchasing an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after acquiring an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. raised its position in shares of Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares during the last quarter. Legal & General Group Plc raised its position in shares of Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after acquiring an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Amphenol by 263.0% during the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock worth $240,935,000 after acquiring an additional 2,585,282 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.