Amphenol (NYSE:APH) had its price objective lowered by investment analysts at Wells Fargo & Co from $115.00 to $105.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the electronics maker’s stock. Wells Fargo & Co‘s price objective suggests a potential upside of 10.20% from the stock’s previous close.
APH has been the subject of several other reports. Morgan Stanley upped their price target on shares of Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday. ValuEngine upgraded shares of United States Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Longbow Research lowered shares of TE Connectivity from a “buy” rating to a “neutral” rating and set a $90.66 price target for the company. in a research report on Monday, June 17th. Evercore ISI assumed coverage on shares of Sensata Technologies in a research report on Wednesday, June 5th. They set an “in-line” rating and a $50.00 price target for the company. Finally, SunTrust Banks upped their price target on shares of Alliance Data Systems from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $103.03.
APH traded up $1.42 during trading on Thursday, reaching $95.28. The stock had a trading volume of 1,704,277 shares, compared to its average volume of 1,366,985. The stock has a market capitalization of $27.60 billion, a PE ratio of 25.27, a PEG ratio of 2.40 and a beta of 1.02. The company has a current ratio of 2.06, a quick ratio of 1.76 and a debt-to-equity ratio of 0.85. Amphenol has a one year low of $74.95 and a one year high of $105.51. The firm’s 50-day moving average is $96.19.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.01). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. On average, analysts forecast that Amphenol will post 3.58 earnings per share for the current fiscal year.
In other news, CFO Craig A. Lampo sold 51,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $100.10, for a total transaction of $5,105,100.00. Following the completion of the sale, the chief financial officer now directly owns 49,405 shares in the company, valued at $4,945,440.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 430,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $99.46, for a total transaction of $42,767,800.00. Following the sale, the chief executive officer now owns 200,000 shares of the company’s stock, valued at $19,892,000. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Weaver Consulting Group purchased a new stake in shares of Amphenol during the first quarter worth about $26,000. Thor Advisors LLC purchased a new stake in shares of Amphenol during the first quarter worth about $32,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Amphenol during the second quarter worth about $37,000. Moody National Bank Trust Division boosted its holdings in shares of Amphenol by 103.9% during the first quarter. Moody National Bank Trust Division now owns 471 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 240 shares during the period. Finally, Bremer Bank National Association purchased a new stake in shares of Amphenol during the first quarter worth about $45,000. Institutional investors own 94.12% 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 worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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