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

Amphenol (New York Stock Exchange:APH – Free report) Evercore ISI raised its price target from $75.00 to $80.00 in a research report issued Thursday morning. Benzinga reports. Evercore ISI currently has an Outperform rating on the electronics maker’s stock.

APH has been the topic of a number of other research reports. Robert W. Baird raised their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Vertical Research began coverage on amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and $65.00 price target on the stock. Truist Financial raised their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. UBS Group raised their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday. Five 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 stock. Amphenol has a Moderate Buy consensus rating and a $69.63 consensus price target, according to MarketBeat.

Check out our latest analysis for APH

Dynamics of amphenol reserves

Shares New York Stock Exchange:APH opened Thursday at $69.41. The company has a 50-day moving average of $65.10 and a two-hundred day moving average of $64.58. The company has a market capitalization of $83.38 billion, a PE ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol has a 12 month low of $39.48 and a 12 month high of $71.20.

Amphenol (New York Stock Exchange:APH – Get a free report) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported earnings per share (EPS) of $0.50 for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s quarterly revenue grew 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. Analysts forecast that Amphenol will post earnings of 1.76 per share for the current year.

Insider buying and selling

In other Amphenol news: Vice President Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction value of $6,563,000. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00% decrease in their position. The transaction was disclosed in an SEC filing, which is available at: SEC website. In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The trade was to reduce their position by 0.00%. The sale was disclosed in a legal document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction value of $19,749,000. Disclosure information regarding this sale can be found Here. Over the last three months, insiders have sold 570,000 shares of the company’s shares worth $37,209,000. Corporate insiders own 1.80% of the company’s shares.

Institutional investors evaluate amphenol

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Amphenol by 15.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock valued at $6,237,000 after purchasing an additional 7,054 shares in the last quarter. Transform Wealth LLC increased its position in Amphenol by 16.4% in the first quarter. Transform Wealth LLC now owns 3,996 shares of the electronics maker’s stock valued at $462,000 after purchasing an additional 564 shares during the period. Webster Bank NA increased its stake in Amphenol by 16.2% in the first quarter. Webster Bank NA now owns 697 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 97 shares in the last quarter. Vicus Capital purchased a new stake in Amphenol in the first quarter valued at $227,000. Finally, Fox Hill Wealth Management acquired a new stake in Amphenol during the first quarter valued at $1,764,000. Institutional investors and hedge funds own 97.01% of the company’s shares.

Amphenol Company Profile

(Get a free report)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures and markets electrical, electronic and fiber optic connectors in the United States, China and abroad. The company operates through three segments: harsh environment solutions, communications solutions and internetworking and sensor systems.

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