Amphenol (NYSE:APH) Stock Picked Up by Analysts at Sanford C. Bernstein

Analysts at Sanford C. Bernstein assumed coverage on shares of Amphenol (NYSE:APH) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $99.00 price target on the electronics maker’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 17.09% from the company’s current price.

APH has been the subject of several other research reports. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $100.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Truist Financial increased their target price on shares of Amphenol from $100.00 to $107.50 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Bank of America increased their price target on shares of Amphenol from $90.00 to $92.50 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $96.34.

Amphenol Trading Up 0.5%

APH stock traded up $0.46 during mid-day trading on Wednesday, hitting $84.55. 13,923,252 shares of the company were exchanged, compared to its average volume of 11,642,770. The company has a quick ratio of 1.41, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $208.50 billion, a P/E ratio of 42.38, a PEG ratio of 1.17 and a beta of 1.24. The business has a fifty day simple moving average of $80.76 and a 200-day simple moving average of $75.09. Amphenol has a 12-month low of $59.01 and a 12-month high of $89.26.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.26 billion. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. Amphenol’s revenue was up 55.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. On average, equities research analysts predict that Amphenol will post 2.66 earnings per share for the current fiscal year.

Insider Activity

In other Amphenol news, CEO Richard Norwitt sold 372,208 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $81.14, for a total transaction of $30,199,096.08. Following the sale, the chief executive officer owned 1,728,354 shares of the company’s stock, valued at approximately $140,230,001.79. This trade represents a 17.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.00, for a total transaction of $8,099,500.00. Following the sale, the executive vice president directly owned 114,130 shares in the company, valued at approximately $9,243,959.35. The trade was a 46.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,098,608 shares of company stock worth $172,316,688 in the last ninety days. 1.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Amphenol

A number of hedge funds have recently modified their holdings of APH. QRG Capital Management Inc. grew its position in Amphenol by 28.4% in the 2nd quarter. QRG Capital Management Inc. now owns 451,146 shares of the electronics maker’s stock valued at $75,779,000 after buying an additional 99,883 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Amphenol by 78.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 265,689 shares of the electronics maker’s stock valued at $42,730,000 after buying an additional 116,996 shares during the last quarter. State Street Corp grew its position in Amphenol by 24.2% in the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after buying an additional 13,884,641 shares during the last quarter. Altar Rock LLC purchased a new position in Amphenol in the 2nd quarter valued at $551,000. Finally, Security National Bank of SO Dak purchased a new position in Amphenol in the 2nd quarter valued at $151,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, sensors and antenna solutions. Its products enable the transmission of power, signals and data in applications that include high-speed communications, industrial equipment, transportation systems and electronic devices.

The company serves a broad range of end markets, including aerospace and defense, automotive, information technology and data communications, mobile networks, industrial automation, medical equipment and commercial electronics.