Amphenol (NYSE:APH) Stock Rating Upgraded by StockNews.com

Amphenol (NYSE:APH – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group lowered shares of Amphenol from a “buy” rating to a “hold” rating and increased their price objective for the company from $87.00 to $88.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of Amphenol in a research note on Monday, December 12th. They issued an “outperform” rating and a $93.00 target price for the company. Truist Financial upped their target price on shares of Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 23rd. Finally, Robert W. Baird lowered their target price on shares of Amphenol from $93.00 to $91.00 in a research note on Thursday, January 26th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.36.

Amphenol Price Performance

Shares of APH stock opened at $79.16 on Friday. Amphenol has a 1 year low of $61.67 and a 1 year high of $82.86. The firm’s 50 day moving average is $78.98 and its 200-day moving average is $76.38. The firm has a market capitalization of $47.07 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 2.97 and a beta of 1.24. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65.

Amphenol (NYSE:APH – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the business posted $0.70 earnings per share. Amphenol’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that Amphenol will post 2.96 EPS for the current fiscal year.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 25,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $82.19, for a total value of $2,054,750.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,112,283. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 25,000 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $82.19, for a total value of $2,054,750.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at $2,112,283. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jean-Luc Gavelle sold 129,800 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $81.64, for a total transaction of $10,596,872.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 804,800 shares of company stock valued at $65,769,622. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Amphenol

Large investors have recently added to or reduced their stakes in the company. RFP Financial Group LLC acquired a new stake in shares of Amphenol during the 4th quarter worth about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Amphenol during the 4th quarter worth about $33,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Amphenol during the 4th quarter worth about $41,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Amphenol during the 4th quarter worth about $41,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Amphenol by 497.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker’s stock worth $48,000 after buying an additional 527 shares during the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Amphenol Company Profile

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.