Amphenol (NYSE:APH)‘s stock had its “buy” rating reaffirmed by stock analysts at Cowen in a research note issued on Wednesday. They currently have a $105.00 target price on the electronics maker’s stock. Cowen’s target price would indicate a potential upside of 14.34% from the company’s current price.
A number of other brokerages have also issued reports on APH. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Thursday, September 14th. Stifel Nicolaus increased their price target on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Deutsche Bank reiterated a “buy” rating and issued a $95.00 price target (up previously from $80.00) on shares of Amphenol in a research note on Thursday, October 5th. SunTrust Banks increased their price target on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Wells Fargo & Co initiated coverage on Amphenol in a research note on Friday, November 10th. They issued an “outperform” rating and a $98.00 price target for the company. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Amphenol has a consensus rating of “Buy” and a consensus price target of $89.60.
Amphenol (APH) traded up $1.04 during trading hours on Wednesday, hitting $91.83. The stock had a trading volume of 845,965 shares, compared to its average volume of 967,353. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. The stock has a market cap of $27,721.74, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. Amphenol has a 52-week low of $66.00 and a 52-week high of $91.94.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. Amphenol’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. research analysts anticipate that Amphenol will post 3.21 earnings per share for the current year.
In other Amphenol news, VP Jean-Luc Gavelle sold 88,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $86.37, for a total transaction of $7,600,560.00. Following the completion of the transaction, the vice president now owns 48,000 shares of the company’s stock, valued at approximately $4,145,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the transaction, the chief executive officer now directly owns 216,492 shares of the company’s stock, valued at approximately $18,639,961.20. The disclosure for this sale can be found here. Insiders have sold a total of 849,000 shares of company stock valued at $75,518,690 in the last three months. Insiders own 2.51% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in APH. Vanguard Group Inc. lifted its holdings in shares of Amphenol by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock valued at $2,255,957,000 after acquiring an additional 765,862 shares during the last quarter. Capital World Investors lifted its holdings in shares of Amphenol by 0.9% in the 2nd quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock valued at $1,922,328,000 after acquiring an additional 236,214 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Amphenol by 1,662.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after acquiring an additional 9,996,239 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Amphenol by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,634,492 shares of the electronics maker’s stock valued at $710,446,000 after acquiring an additional 173,637 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Amphenol by 31.7% in the 2nd quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock valued at $234,024,000 after acquiring an additional 762,494 shares during the last quarter. 96.55% of the stock is owned by institutional investors and hedge funds.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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