Amphenol (NYSE:APH) Given New $85.00 Price Target at Bank of America

Amphenol (NYSE:APH) had its target price upped by Bank of America from $75.00 to $85.00 in a research note released on Thursday morning,Benzinga reports. Bank of America currently has a neutral rating on the electronics maker’s stock.

A number of other brokerages have also issued reports on APH. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $77.92.

Amphenol Stock Up 0.9 %

APH stock opened at $78.54 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average of $71.86 and a two-hundred day moving average of $67.86. Amphenol has a 12 month low of $49.38 and a 12 month high of $78.82. The company has a market cap of $94.69 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 1.98 and a beta of 1.24.

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

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Transactions at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This represents a 40.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Several large investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its stake in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after buying an additional 90,450 shares during the period. LMR Partners LLP increased its position in shares of Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after purchasing an additional 223,784 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after purchasing an additional 19,496 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Amphenol during the 3rd quarter worth $484,000. Finally, Czech National Bank grew its stake in shares of Amphenol by 7.2% during the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after purchasing an additional 16,425 shares in the last quarter. Hedge funds and other institutional investors 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.