Robert W. Baird Boosts Amphenol (NYSE:APH) Price Target to $77.00

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

APH has been the topic of a number of other research reports. Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday. Truist Financial boosted their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. UBS Group increased their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Vertical Research assumed coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Down 0.6 %

Shares of NYSE APH opened at $69.41 on Thursday. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company’s 50-day simple moving average is $65.10 and its 200-day simple moving average is $64.58. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. Amphenol has a 52-week low of $39.48 and a 52-week high of $71.20.

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, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. Equities analysts predict that Amphenol will post 1.76 EPS for the current fiscal year.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 570,000 shares of company stock worth $37,209,000. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Amphenol

A number of hedge funds have recently made changes to their positions in APH. Wealth Enhancement Advisory Services LLC lifted its stake in Amphenol by 15.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock worth $6,237,000 after purchasing an additional 7,054 shares in the last quarter. Transform Wealth LLC lifted its stake in Amphenol by 16.4% during the 1st quarter. Transform Wealth LLC now owns 3,996 shares of the electronics maker’s stock worth $462,000 after acquiring an additional 564 shares in the last quarter. Webster Bank N. A. boosted its holdings in Amphenol by 16.2% during the 1st quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 97 shares during the period. Vicus Capital acquired a new position in Amphenol in the 1st quarter valued at about $227,000. Finally, Fox Hill Wealth Management purchased a new stake in Amphenol during the first quarter worth about $1,764,000. 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.