Amphenol (NYSE:APH) Price Target Increased to $136.00 by Analysts at Truist Financial

Amphenol (NYSE:APH) had its price objective boosted by analysts at Truist Financial from $121.00 to $136.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Truist Financial’s price target would indicate a potential upside of 14.54% from the stock’s current price.

Several other analysts also recently issued reports on APH. Evercore ISI raised their price target on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group raised their price target on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird increased their price target on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.83.

Amphenol Stock Performance

Shares of APH traded up $2.43 during mid-day trading on Thursday, hitting $118.74. The stock had a trading volume of 2,330,988 shares, compared to its average volume of 2,845,291. The company has a market cap of $71.43 billion, a PE ratio of 38.18, a PEG ratio of 3.06 and a beta of 1.30. Amphenol has a fifty-two week low of $72.00 and a fifty-two week high of $119.59. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $111.48 and its two-hundred day simple moving average is $99.30.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. On average, equities analysts expect that Amphenol will post 3.28 earnings per share for the current year.

Amphenol announced that its board has authorized a stock repurchase program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amphenol

A number of hedge funds have recently modified their holdings of the business. Webster Bank N. A. lifted its holdings in shares of Amphenol by 16.2% in the first quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 97 shares in the last quarter. J. W. Coons Advisors LLC raised its holdings in shares of Amphenol by 0.6% during the fourth quarter. J. W. Coons Advisors LLC now owns 16,925 shares of the electronics maker’s stock worth $1,678,000 after acquiring an additional 100 shares in the last quarter. Hixon Zuercher LLC raised its holdings in shares of Amphenol by 0.5% during the fourth quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock worth $2,125,000 after acquiring an additional 104 shares in the last quarter. Jacobsen Capital Management raised its holdings in Amphenol by 1.8% during the fourth quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock valued at $606,000 after buying an additional 108 shares in the last quarter. Finally, Strategic Blueprint LLC raised its holdings in Amphenol by 2.4% during the fourth quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock valued at $480,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors 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.