Robert W. Baird Increases Amphenol (NYSE:APH) Price Target to $124.00

Amphenol (NYSE:APH) had its price target hoisted by Robert W. Baird from $123.00 to $124.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s price objective points to a potential upside of 6.61% from the stock’s previous close.

A number of other research analysts have also recently issued reports on APH. The Goldman Sachs Group lifted their target price on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Citigroup lifted their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their target price on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI lifted their target price on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, UBS Group lifted their price target on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.25.

Amphenol Stock Up 1.8 %

Shares of NYSE APH opened at $116.31 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59. The stock has a market capitalization of $69.97 billion, a P/E ratio of 37.40, a PEG ratio of 3.06 and a beta of 1.30. The stock’s fifty day moving average is $111.48 and its 200 day moving average is $99.30.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business earned $0.78 earnings per share. Amphenol’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Amphenol will post 3.28 earnings per share for the current fiscal year.

Amphenol announced that its board has approved a stock buyback plan on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. In related news, insider William J. Doherty sold 170,000 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its position in shares of Amphenol by 37.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,366 shares of the electronics maker’s stock valued at $1,123,000 after buying an additional 3,665 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Amphenol by 0.6% during the 3rd quarter. Boston Trust Walden Corp now owns 81,393 shares of the electronics maker’s stock valued at $6,836,000 after buying an additional 515 shares in the last quarter. Caprock Group LLC increased its stake in Amphenol by 2.8% in the 3rd quarter. Caprock Group LLC now owns 9,804 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 271 shares during the period. Oak Thistle LLC purchased a new position in Amphenol in the 3rd quarter worth approximately $733,000. Finally, Czech National Bank increased its stake in Amphenol by 47.9% in the 3rd quarter. Czech National Bank now owns 104,247 shares of the electronics maker’s stock worth $8,756,000 after purchasing an additional 33,774 shares during the period. Institutional investors own 97.01% of the company’s stock.

About Amphenol

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.