Amphenol (NYSE:APH) Given New $102.00 Price Target at The Goldman Sachs Group

Amphenol (NYSE:APH) had its price target lifted by analysts at The Goldman Sachs Group from $90.00 to $102.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. The Goldman Sachs Group’s target price points to a potential upside of 10.35% from the company’s previous close.

APH has been the subject of a number of other research reports. Citigroup lifted their target price on shares of Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Evercore ISI upped their price target on shares of Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. UBS Group upped their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 30th. TD Securities increased their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Finally, US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Amphenol Stock Down 0.6%

Shares of Amphenol stock traded down $0.53 on Tuesday, hitting $92.43. 4,347,512 shares of the company traded hands, compared to its average volume of 7,472,445. The company has a market cap of $111.81 billion, a PE ratio of 48.23, a PEG ratio of 1.92 and a beta of 1.12. The company has a 50-day moving average price of $77.73 and a 200 day moving average price of $72.38. Amphenol has a 12-month low of $54.77 and a 12-month high of $94.10. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $0.40 EPS. Amphenol’s revenue for the quarter was up 47.7% on a year-over-year basis. Sell-side analysts predict that Amphenol will post 2.36 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Luc Walter sold 286,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the sale, the insider now owns 451,790 shares of the company’s stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares during the period. FMR LLC grew its stake in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after buying an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC grew its stake in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after acquiring an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after purchasing an additional 18,619,417 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.