Amphenol (NYSE:APH) Price Target Raised to $121.00 at Bank of America

Amphenol (NYSE:APH) had its target price increased by equities researchers at Bank of America from $117.00 to $121.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Bank of America‘s price objective would indicate a potential upside of 8.07% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Jefferies Financial Group initiated coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective on the stock. The Goldman Sachs Group boosted their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup upped their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Amphenol Price Performance

Shares of NYSE APH traded up $0.47 during trading on Thursday, hitting $111.96. The company had a trading volume of 1,030,478 shares, compared to its average volume of 2,715,960. The company has a market cap of $67.35 billion, a P/E ratio of 36.07, a PEG ratio of 3.21 and a beta of 1.30. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59. The business’s 50-day moving average is $110.65 and its 200 day moving average is $98.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. Equities research analysts predict that Amphenol will post 3.28 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 305,000 shares of company stock valued at $31,846,050. Insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Peoples Bank KS bought a new stake in Amphenol during the third quarter worth about $27,000. Frazier Financial Advisors LLC bought a new stake in Amphenol during the fourth quarter worth about $29,000. Mendota Financial Group LLC bought a new stake in Amphenol during the fourth quarter worth about $33,000. Venturi Wealth Management LLC grew its stake in Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Company Profile

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.