Amphenol Corporation (NYSE:APH) Receives $147.62 Consensus Price Target from Brokerages

Amphenol Corporation (NYSE:APH) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $147.6154.

Several brokerages have recently issued reports on APH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, January 21st. Robert W. Baird set a $139.00 price objective on Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Citigroup reaffirmed a “buy” rating and issued a $175.00 target price (up previously from $160.00) on shares of Amphenol in a research note on Monday, January 12th. UBS Group reissued a “buy” rating and set a $174.00 price target (up from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd.

Amphenol Stock Up 3.1%

Shares of NYSE:APH opened at $155.71 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The firm has a market cap of $190.60 billion, a P/E ratio of 51.90, a P/E/G ratio of 0.92 and a beta of 1.21. Amphenol has a 12 month low of $56.45 and a 12 month high of $157.54. The company’s 50-day moving average price is $139.92 and its two-hundred day moving average price is $126.23.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president owned 76,400 shares of the company’s stock, valued at approximately $10,696,764. This represents a 61.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total value of $11,283,200.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 698,076 shares of company stock worth $99,081,306. Company insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APH. Financial Management Professionals Inc. grew its position in shares of Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 90 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after buying an additional 168 shares during the period. Howard Hughes Medical Institute bought a new position in Amphenol in the second quarter valued at approximately $26,000. Board of the Pension Protection Fund acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $27,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Amphenol during the third quarter worth $30,000. 97.01% of the stock is owned by institutional investors and hedge funds.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.