Amphenol (NYSE:APH) Price Target Raised to $135.00

Amphenol (NYSE:APH) had its target price hoisted by UBS Group from $118.00 to $135.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

Several other brokerages also recently issued reports on APH. Robert W. Baird boosted their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an outperform rating in a report on Thursday, January 25th. Evercore ISI boosted their price target on shares of Amphenol from $110.00 to $125.00 and gave the company an outperform rating in a report on Monday, March 25th. The Goldman Sachs Group boosted their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a buy rating in a report on Thursday, January 25th. Citigroup upped their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a buy rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $118.00 to $125.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $113.75.

Amphenol Stock Performance

Amphenol stock opened at $110.21 on Tuesday. The company has a market cap of $66.30 billion, a PE ratio of 35.44, a P/E/G ratio of 3.18 and a beta of 1.30. The company has a fifty day moving average price of $110.87 and a two-hundred day moving average price of $98.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. Amphenol has a 12 month low of $72.00 and a 12 month high of $119.59.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts expect that Amphenol will post 3.28 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were 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 directly owns 147,045 shares in the company, valued at $15,391,200.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated 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 SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock worth $31,846,050. 2.22% of the stock is owned by corporate insiders.

Institutional Trading of Amphenol

Institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System acquired a new stake in Amphenol during the 4th quarter worth about $3,589,000. West Coast Financial LLC increased its holdings in shares of Amphenol by 65.0% in the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after purchasing an additional 50,778 shares during the period. Cerity Partners LLC increased its holdings in shares of Amphenol by 63.4% in the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after purchasing an additional 14,843 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Amphenol in the 4th quarter valued at about $2,875,000. Finally, Fortune Financial Advisors LLC acquired a new position in shares of Amphenol in the 4th quarter valued at about $1,071,000. Institutional investors and hedge funds 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.