Bank of America Raises Amphenol (NYSE:APH) Price Target to $121.00

Amphenol (NYSE:APH) had its price target hoisted by analysts at Bank of America from $117.00 to $121.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Bank of America‘s price target suggests a potential upside of 9.79% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Evercore ISI increased their price objective on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, UBS Group increased their price objective on shares of Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Amphenol Price Performance

Amphenol stock opened at $110.21 on Thursday. Amphenol has a 1 year low of $72.00 and a 1 year high of $119.59. The firm has a 50 day moving average price of $110.87 and a 200 day moving average price of $98.54. The company has a market cap of $66.30 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.18 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Amphenol’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Amphenol will post 3.28 earnings per share for the current year.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock worth $31,846,050 in the last ninety days. 2.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Marshall Financial Group LLC lifted its position in shares of Amphenol by 5.9% in the 1st quarter. Marshall Financial Group LLC now owns 9,565 shares of the electronics maker’s stock worth $1,103,000 after buying an additional 537 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Amphenol by 9.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 21,505 shares of the electronics maker’s stock valued at $2,481,000 after purchasing an additional 1,944 shares during the last quarter. Norden Group LLC lifted its position in Amphenol by 1,934.8% in the 1st quarter. Norden Group LLC now owns 42,792 shares of the electronics maker’s stock valued at $4,937,000 after purchasing an additional 40,689 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Amphenol by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 65,088 shares of the electronics maker’s stock valued at $7,507,000 after purchasing an additional 485 shares during the last quarter. Finally, Dudley & Shanley Inc. lifted its position in Amphenol by 1.0% in the 1st quarter. Dudley & Shanley Inc. now owns 222,455 shares of the electronics maker’s stock valued at $25,660,000 after purchasing an additional 2,230 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

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.