Amphenol Co. (NYSE:APH) Receives $63.42 Average Price Target from Analysts

Shares of Amphenol Co. (NYSE:APH) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.42.

Several research analysts have issued reports on the company. TD Cowen increased their price objective on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $62.50 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Jefferies Financial Group started coverage on shares of Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $62.50 price objective for the company. Citigroup boosted their target price on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, UBS Group raised their price target on Amphenol from $67.50 to $69.00 and gave the company a “buy” rating in a report on Thursday, April 25th.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 230,000 shares of Amphenol stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the completion of the sale, the insider now owns 397,280 shares in the company, valued at approximately $26,844,209.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APH. B. Riley Wealth Advisors Inc. lifted its stake in Amphenol by 0.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after buying an additional 80 shares during the period. Atomi Financial Group Inc. increased its stake in shares of Amphenol by 1.7% in the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Amphenol by 2.0% in the 1st quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after acquiring an additional 85 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Amphenol by 1.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 88 shares during the last quarter. Finally, Nicolet Advisory Services LLC grew its holdings in Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 89 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

NYSE:APH opened at $67.79 on Friday. The company has a market capitalization of $81.43 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 3.15 and a beta of 1.25. The company has a 50-day moving average of $65.81 and a 200-day moving average of $57.44. Amphenol has a 52 week low of $39.34 and a 52 week high of $70.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. As a group, equities research analysts anticipate that Amphenol will post 1.69 earnings per share for the current fiscal year.

Amphenol announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, June 18th. Amphenol’s dividend payout ratio is 26.91%.

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.