StockNews.com Downgrades Amphenol (NYSE:APH) to Hold

Amphenol (NYSE:APH – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also commented on the stock. Truist Financial upped their price target on shares of Amphenol from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. Jefferies Financial Group lowered shares of Amphenol from a “buy” rating to a “hold” rating and upped their price target for the stock from $87.00 to $88.00 in a research 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 report on Monday, December 12th. They issued an “outperform” rating and a $93.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on shares of Amphenol from $93.00 to $91.00 in a report on Thursday, January 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.36.

Amphenol Stock Down 1.9 %

APH stock opened at $76.50 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.42 and a quick ratio of 1.64. Amphenol has a 1-year low of $61.67 and a 1-year high of $82.86. The firm has a fifty day moving average price of $79.20 and a two-hundred day moving average price of $76.37. The firm has a market cap of $45.49 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 3.01 and a beta of 1.24.

Amphenol (NYSE:APH – Get Rating) last released its earnings results 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 firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts predict that Amphenol will post 2.96 EPS for the current year.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Jean-Luc Gavelle sold 129,800 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $81.64, for a total transaction of $10,596,872.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Lance E. D’amico sold 25,000 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $82.19, for a total value of $2,054,750.00. Following the transaction, the vice president now owns 25,700 shares in the company, valued at approximately $2,112,283. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean-Luc Gavelle sold 129,800 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $81.64, for a total value of $10,596,872.00. The disclosure for this sale can be found here. In the last three months, insiders sold 804,800 shares of company stock valued at $65,769,622. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Amphenol

Large investors have recently made changes to their positions in the business. American Trust boosted its stake in Amphenol by 0.3% in the 3rd quarter. American Trust now owns 44,470 shares of the electronics maker’s stock valued at $2,978,000 after purchasing an additional 125 shares during the period. ICA Group Wealth Management LLC lifted its position in shares of Amphenol by 2.5% during the 3rd quarter. ICA Group Wealth Management LLC now owns 5,461 shares of the electronics maker’s stock valued at $366,000 after acquiring an additional 134 shares during the period. CNB Bank lifted its position in shares of Amphenol by 3.8% during the 2nd quarter. CNB Bank now owns 3,828 shares of the electronics maker’s stock worth $247,000 after buying an additional 141 shares during the last quarter. TFG Advisers LLC lifted its position in shares of Amphenol by 4.0% during the 4th quarter. TFG Advisers LLC now owns 3,726 shares of the electronics maker’s stock worth $284,000 after buying an additional 143 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in shares of Amphenol by 2.2% during the 3rd quarter. Checchi Capital Advisers LLC now owns 6,915 shares of the electronics maker’s stock worth $463,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

About Amphenol

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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.