Robert W. Baird Increases Amphenol (NYSE:APH) Price Target to $124.00

Amphenol (NYSE:APH) had its price target raised by analysts at Robert W. Baird from $123.00 to $124.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s price target would indicate a potential upside of 2.91% from the stock’s current price.

Several other equities analysts have also recently commented on APH. Jefferies Financial Group initiated coverage on shares of Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price for the company. Bank of America lifted their price target on shares of Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Citigroup lifted their price target on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. UBS Group lifted their price target on shares of Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.83.

Amphenol Price Performance

Shares of NYSE:APH opened at $120.49 on Thursday. The firm has a 50 day moving average of $112.04 and a 200-day moving average of $99.70. The stock has a market capitalization of $72.48 billion, a PE ratio of 36.85, a PEG ratio of 3.10 and a beta of 1.30. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Amphenol has a 12 month low of $72.77 and a 12 month high of $121.25.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. On average, equities research analysts predict that Amphenol will post 3.29 EPS for the current fiscal year.

Amphenol announced that its board has authorized a share buyback program on Wednesday, April 24th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were 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. In the last three months, insiders have sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its position in shares of Amphenol by 2.0% during the 1st quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after acquiring an additional 85 shares during the period. Webster Bank N. A. lifted its position in shares of 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. J. W. Coons Advisors LLC lifted its position in shares of Amphenol by 0.6% during the 4th quarter. J. W. Coons Advisors LLC now owns 16,925 shares of the electronics maker’s stock valued at $1,678,000 after acquiring an additional 100 shares during the period. Hixon Zuercher LLC lifted its position in shares of Amphenol by 0.5% during the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock valued at $2,125,000 after acquiring an additional 104 shares during the period. Finally, Jacobsen Capital Management lifted its position in shares of Amphenol by 1.8% during the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock valued at $606,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Amphenol

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.