Amphenol (NYSE:APH) Given New $77.00 Price Target at Robert W. Baird

Amphenol (NYSE:APH) had its target price lifted by Robert W. Baird from $71.00 to $77.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the electronics maker’s stock.

Other equities analysts have also issued research reports about the stock. Vertical Research assumed coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Truist Financial boosted their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Bank of America increased their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday. Finally, UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.17.

Amphenol Stock Up 0.1 %

NYSE:APH traded up $0.09 during trading hours on Thursday, hitting $69.89. The stock had a trading volume of 1,050,108 shares, compared to its average volume of 6,599,857. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol has a 1-year low of $39.48 and a 1-year high of $71.20. The business has a 50 day simple moving average of $64.96 and a two-hundred day simple moving average of $64.47. The company has a market cap of $83.95 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue was up 26.3% on a year-over-year basis. Analysts predict that Amphenol will post 1.76 EPS for the current year.

Insider Buying and Selling

In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at $28,703,339. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 570,000 shares of company stock valued at $37,209,000 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Several institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp grew its position in shares of Amphenol by 61.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after acquiring an additional 75,753 shares during the period. United Services Automobile Association boosted its position in Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after purchasing an additional 16,149 shares during the period. Choreo LLC lifted its holdings in shares of Amphenol by 556.7% in the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after buying an additional 34,309 shares in the last quarter. Angeles Wealth Management LLC lifted its position in Amphenol by 102.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock worth $258,000 after buying an additional 1,936 shares during the last quarter. Finally, Czech National Bank grew its position in Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after acquiring an additional 16,425 shares during the last quarter. 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.