Truist Financial Boosts Amphenol (NYSE:APH) Price Target to $102.00

Amphenol (NYSE:APH) had its price target lifted by Truist Financial from $90.00 to $102.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Truist Financial’s price objective indicates a potential upside of 30.13% from the company’s previous close.

APH has been the subject of a number of other research reports. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI raised their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.92.

Amphenol Stock Performance

Shares of APH traded up $0.54 during trading hours on Thursday, hitting $78.38. The stock had a trading volume of 3,616,423 shares, compared to its average volume of 6,869,709. The firm has a market capitalization of $94.50 billion, a PE ratio of 45.11, a PEG ratio of 1.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol has a 12 month low of $49.38 and a 12 month high of $78.55. The stock has a fifty day moving average price of $71.86 and a 200 day moving average price of $67.86.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4,051,810 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. Analysts anticipate that Amphenol will post 1.84 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Several large investors have recently added to or reduced their stakes in APH. Legal & General Group Plc increased its position in shares of Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Amphenol in the third quarter valued at $113,828,000. State Street Corp lifted its holdings in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in Amphenol by 136.5% during the 2nd quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker’s stock valued at $161,207,000 after purchasing an additional 1,480,331 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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.