Amphenol (NYSE:APH) Given New $107.00 Price Target at Rothschild & Co Redburn

Amphenol (NYSE:APH) had its price objective cut by Rothschild & Co Redburn from $197.00 to $107.00 in a research report issued on Friday. Rothschild & Co Redburn‘s price objective suggests a potential upside of 35.57% from the company’s previous close.

Several other equities research analysts have also recently issued reports on APH. BNP Paribas Exane raised their target price on shares of Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays reiterated an “overweight” rating and set a $100.00 target price (down from $200.00) on shares of Amphenol in a research note on Tuesday, September 8th. Robert W. Baird decreased their target price on Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Sanford C. Bernstein started coverage on shares of Amphenol in a research note on Wednesday, September 23rd. They set an “outperform” rating and a $99.00 price objective on the stock. Finally, UBS Group raised their target price on Amphenol from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday. Sixteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.79.

Amphenol Trading Down 3.8%

Shares of APH stock opened at $78.93 on Friday. Amphenol has a 1-year low of $59.01 and a 1-year high of $89.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.41. The business’s fifty day moving average price is $81.40 and its 200 day moving average price is $75.44. The firm has a market capitalization of $194.63 billion, a PE ratio of 34.34, a P/E/G ratio of 1.03 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the business earned $0.93 earnings per share. Amphenol’s quarterly revenue was up 65.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol will post 2.83 EPS for the current fiscal year.

Amphenol declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 28th that permits the company to buy back $4 billion in outstanding shares. This repurchase authorization permits the electronics maker to purchase up to 2% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Craig Lampo sold 386,400 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $83.66, for a total value of $32,324,292.00. Following the completion of the sale, the chief financial officer directly owned 181,330 shares in the company, valued at approximately $15,169,161.15. This represents a 68.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Silverman sold 240,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $87.12, for a total value of $20,908,800.00. Following the transaction, the executive vice president directly owned 31,344 shares in the company, valued at approximately $2,730,689.28. This represents a 88.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 726,400 shares of company stock valued at $61,332,592 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Several hedge funds and other institutional investors have recently modified their holdings of APH. Integrity Alliance LLC. boosted its holdings in Amphenol by 188.4% during the third quarter. Integrity Alliance LLC. now owns 3,337 shares of the electronics maker’s stock worth $281,000 after buying an additional 2,180 shares during the last quarter. Mountain Pacific Investment Advisers LLC boosted its holdings in shares of Amphenol by 87.2% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 671,539 shares of the electronics maker’s stock worth $56,611,000 after buying an additional 312,764 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Amphenol by 100.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 303,154 shares of the electronics maker’s stock worth $25,556,000 after purchasing an additional 151,944 shares in the last quarter. Gallacher Capital Management LLC lifted its position in Amphenol by 53.4% during the third quarter. Gallacher Capital Management LLC now owns 2,403 shares of the electronics maker’s stock worth $203,000 after purchasing an additional 836 shares during the period. Finally, First Nebraska Trust Co bought a new position in shares of Amphenol in the 3rd quarter valued at $5,006,000. Institutional investors own 97.01% of the company’s stock.

Key Headlines Impacting Amphenol

Here are the key news stories impacting Amphenol this week:

• Positive Sentiment: Raised fourth-quarter and full-year guidance: Amphenol expects fourth-quarter EPS of $0.81–$0.83, above the $0.75 consensus, and revenue of $10.3–$10.5 billion versus expectations of $9.7 billion. Full-year EPS guidance of $2.82–$2.84 and revenue guidance of $36.9–$37.1 billion also exceed consensus estimates of $2.69 and $35.7 billion, respectively.
• Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS came in at $0.80 versus the $0.73 consensus, while revenue rose 65.1% year over year to approximately $10.2 billion, helped by strong IT datacom demand, acquisitions and broad organic growth. Amphenol’s Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: AI demand and order momentum remain strong: Management highlighted record orders and robust AI-related demand, with orders outpacing sales. These trends support the company’s stronger outlook despite weakness in portions of the communications-network market. Amphenol Q3 Earnings Call Highlights AI Demand and Growth Outlook
• Positive Sentiment: Analyst sentiment improved: JPMorgan, BNP Paribas Exane, UBS and Truist raised their price targets to $115, $115, $111 and $112, respectively, while maintaining positive ratings.
• Positive Sentiment: Share repurchase authorized: The board approved a $4 billion buyback, allowing repurchases of up to 2% of outstanding shares. The program may support EPS and signal management’s confidence in the company’s valuation. Amphenol Board Approves $4 Billion Stock Repurchase Plan
• Neutral Sentiment: Amphenol agreed to acquire AdvancedPCB Holdings and Humanetics Sensors. The deals could expand its electronics and sensor portfolios, but financial terms and the expected earnings impact were not disclosed. Industrial Growth Partners Announces Sale of AdvancedPCB
• Negative Sentiment: Dividend reduced: The quarterly dividend was set at $0.15 per share, down 40% from $0.25 previously, reducing the annualized dividend to $0.60 and potentially weighing on income-focused investors.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.