Truist Financial Increases Amphenol (NYSE:APH) Price Target to $82.00

Amphenol (NYSE:APH) had its price objective lifted by Truist Financial from $76.00 to $82.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

Other research analysts also recently issued research reports about the stock. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday. Vertical Research began coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Bank of America increased their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, UBS Group boosted their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Five 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Performance

NYSE:APH opened at $69.41 on Thursday. The stock has a 50-day moving average price of $65.10 and a 200 day moving average price of $64.58. 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 12-month low of $39.48 and a 12-month high of $71.20. The stock has a market capitalization of $83.38 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last released 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 firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. Equities research analysts forecast that Amphenol will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 of the company’s stock, valued at approximately $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. Insiders have sold 570,000 shares of company stock worth $37,209,000 over the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its position in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC raised its stake in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Amphenol in the second quarter valued at approximately $29,000. Trifecta Capital Advisors LLC increased its holdings in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Finally, Sachetta LLC increased its holdings in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares during the period. 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.