Equities research analysts at Wells Fargo & Company initiated coverage on shares of Amphenol Corporation (NYSE:APH) in a research report issued on Friday. The brokerage set an “outperform” rating on the electronics maker’s stock.

APH has been the subject of several other reports. Deutsche Bank AG boosted their price target on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Friday, September 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $95.00 price target (up from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Finally, Bank of America Corporation raised shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.78.

Shares of Amphenol Corporation (NYSE:APH) opened at $86.72 on Friday. The company has a market capitalization of $26,790.45, a P/E ratio of 27.85, a PEG ratio of 2.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. Amphenol Corporation has a 52 week low of $66.00 and a 52 week high of $88.19.

Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. research analysts expect that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.

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In other Amphenol Corporation news, Director Diana G. Reardon sold 28,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $87.28, for a total value of $2,443,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 220,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the completion of the sale, the chief executive officer now owns 216,492 shares of the company’s stock, valued at approximately $18,639,961.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 397,000 shares of company stock valued at $33,877,390. Insiders own 2.51% of the company’s stock.

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in Amphenol Corporation by 2.4% in the 1st quarter. AQR Capital Management LLC now owns 23,226 shares of the electronics maker’s stock worth $1,653,000 after purchasing an additional 538 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Amphenol Corporation during the 2nd quarter valued at about $295,000. Bank of Montreal Can lifted its holdings in Amphenol Corporation by 5.5% during the 2nd quarter. Bank of Montreal Can now owns 331,120 shares of the electronics maker’s stock valued at $24,443,000 after purchasing an additional 17,303 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in Amphenol Corporation by 269.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 7,714 shares of the electronics maker’s stock valued at $569,000 after purchasing an additional 5,624 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Amphenol Corporation by 3.9% during the 2nd quarter. Fisher Asset Management LLC now owns 4,428 shares of the electronics maker’s stock valued at $327,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.

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.

Analyst Recommendations for Amphenol Corporation (NYSE:APH)

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