Stock Repurchase Plan Authorized by Amphenol (NYSE:APH) Board of Directors

Amphenol (NYSE:APH) announced that its Board of Directors has authorized a share repurchase plan on Wednesday, April 24th, RTT News reports. The company plans to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on APH shares. Truist Financial upped their target price on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Evercore ISI boosted their price target on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America boosted their price target on shares of Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group began coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Stock Performance

Amphenol stock opened at $120.49 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48. Amphenol has a 1-year low of $72.77 and a 1-year high of $121.25. The firm has a market capitalization of $72.48 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The company’s 50-day moving average is $112.04 and its 200 day moving average is $99.70.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts forecast that Amphenol will post 3.29 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were paid a $0.22 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. Amphenol’s dividend payout ratio is currently 26.91%.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider William J. Doherty sold 170,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were 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. Insiders have sold 305,000 shares of company stock worth $31,846,050 in the last three months. Corporate insiders own 1.80% 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.