The Goldman Sachs Group Forecasts Strong Price Appreciation for Amphenol (NYSE:APH) Stock

Amphenol (NYSE:APH) had its target price boosted by research analysts at The Goldman Sachs Group from $79.00 to $89.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 13.71% from the company’s previous close.

Other equities analysts have also issued reports about the stock. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Five 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.25.

Amphenol Trading Up 0.6 %

NYSE APH traded up $0.43 on Thursday, reaching $78.27. 2,689,719 shares of the company were exchanged, compared to its average volume of 6,797,233. The business’s fifty day moving average price is $71.86 and its 200 day moving average price is $67.86. 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 stock has a market capitalization of $94.36 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. Amphenol has a fifty-two week low of $49.38 and a fifty-two week high of $78.51.

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

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was 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 owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. 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 quarter. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Amphenol

Several large investors have recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC grew its position in Amphenol by 352.1% in the 3rd 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 lifted its holdings in shares of 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 during the period. Continuum Advisory LLC raised its position in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 324 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.