Amphenol (NYSE:APH) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Amphenol (NYSE:APH) had its price target upped by Robert W. Baird from $85.00 to $89.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s target price suggests a potential upside of 14.34% from the stock’s current price.

Several other research analysts also recently commented on the company. TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial lifted their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Evercore ISI boosted 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. Finally, Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Five 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’s stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $72.88.

Amphenol Trading Up 7.0 %

Amphenol stock opened at $77.84 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 business’s fifty day simple moving average is $71.86 and its two-hundred day simple moving average is $67.86. Amphenol has a 12 month low of $48.52 and a 12 month high of $78.25. The company has a market capitalization of $93.84 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24.

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

Insiders Place Their Bets

In other news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the sale, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. This represents a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trifecta Capital Advisors LLC raised its stake in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares in the last quarter. Core Alternative Capital raised its stake in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after buying an additional 231 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares in the last quarter. Continuum Advisory LLC raised its stake in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after buying an additional 324 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.