Amphenol Corporation (APH) Stock Rating Lowered by Goldman Sachs Group, Inc. (The)
Amphenol Corporation (NYSE:APH) was downgraded by equities researchers at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, July 5th, MarketBeat.com reports. They currently have a $78.00 target price on the electronics maker’s stock, up from their prior target price of $75.00. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential upside of 0.44% from the company’s previous close.
APH has been the subject of a number of other reports. Zacks Investment Research raised Amphenol Corporation from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Deutsche Bank AG increased their price objective on Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Morgan Stanley increased their price objective on Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Cowen and Company initiated coverage on shares of Amphenol Corporation in a research report on Tuesday, March 21st. They set an “outperform” rating and a $85.00 target price on the stock. Finally, Royal Bank Of Canada raised their price target on Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Amphenol Corporation currently has an average rating of “Buy” and a consensus target price of $78.38.
Amphenol Corporation (NYSE APH) traded down 0.22% on Wednesday, reaching $77.66. The company had a trading volume of 1,205,809 shares. The firm has a market capitalization of $23.75 billion, a PE ratio of 26.15 and a beta of 0.77. Amphenol Corporation has a 12 month low of $58.72 and a 12 month high of $78.13. The stock has a 50 day moving average of $74.94 and a 200 day moving average of $71.93.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current year.
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In other news, VP Martin Booker sold 46,000 shares of Amphenol Corporation stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total value of $3,469,320.00. Following the completion of the transaction, the vice president now owns 20,400 shares in the company, valued at $1,538,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the completion of the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $21,490,815.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 893,000 shares of company stock valued at $66,184,060. Corporate insiders own 2.51% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. raised its stake in shares of Amphenol Corporation by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 266,561 shares of the electronics maker’s stock worth $18,971,000 after buying an additional 7,272 shares in the last quarter. Macquarie Group Ltd. raised its stake in Amphenol Corporation by 66.3% in the fourth quarter. Macquarie Group Ltd. now owns 16,300 shares of the electronics maker’s stock worth $1,095,000 after buying an additional 6,500 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Amphenol Corporation during the fourth quarter worth approximately $671,000. Kentucky Retirement Systems acquired a new stake in Amphenol Corporation during the fourth quarter worth approximately $1,504,000. Finally, Teachers Advisors LLC raised its stake in Amphenol Corporation by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 546,111 shares of the electronics maker’s stock worth $36,699,000 after buying an additional 9,435 shares in the last quarter. 96.69% of the stock is owned by institutional investors and hedge funds.
Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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