Amphenol (NYSE:APH) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Amphenol (NYSE:APH) to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports. Seaport Res Ptn also issued estimates for Amphenol’s Q2 2024 earnings at $0.80 EPS, Q3 2024 earnings at $0.89 EPS, Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $3.43 EPS, Q1 2025 earnings at $0.92 EPS, Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $3.90 EPS.

A number of other research firms also recently issued reports on APH. Truist Financial increased their price target on Amphenol from $121.00 to $136.00 and gave the stock a buy rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Amphenol from $125.00 to $130.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. Stifel Nicolaus raised their price objective on Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research report on Thursday, January 25th. Robert W. Baird lifted their target price on Amphenol from $123.00 to $124.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Finally, Bank of America lifted their target price on Amphenol from $137.00 to $144.00 and gave the company a buy rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $124.45.

Amphenol Stock Performance

APH stock opened at $136.40 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $119.25 and its two-hundred day simple moving average is $105.79. Amphenol has a twelve month low of $72.77 and a twelve month high of $137.38. The firm has a market cap of $81.92 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 3.16 and a beta of 1.27.

Shares of Amphenol are scheduled to split on Wednesday, June 12th. The 2-1 split was announced on Wednesday, June 12th. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, June 12th.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts predict that Amphenol will post 3.37 earnings per share for the current year.

Amphenol announced that its board has approved a share buyback program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.65%. Amphenol’s payout ratio is 26.91%.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of Amphenol 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

A number of institutional investors and hedge funds have recently modified their holdings of APH. Frazier Financial Advisors LLC acquired a new position in Amphenol in the fourth quarter valued at approximately $29,000. Mendota Financial Group LLC acquired a new position in Amphenol in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC raised its stake in shares of Amphenol by 75.5% during the 4th 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 period. Avior Wealth Management LLC raised its stake in shares of Amphenol by 70.8% during the 4th 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 period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Amphenol during the 3rd quarter worth approximately $34,000. 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.