Amphenol (NYSE:APH) Earns Buy Rating from UBS Group

Amphenol (NYSE:APH)‘s stock had its “buy” rating reaffirmed by stock analysts at UBS Group in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a $115.00 target price on the electronics maker’s stock, up from their prior target price of $106.00. UBS Group’s price target would suggest a potential upside of 15.63% from the stock’s current price.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday, June 22nd. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research report on Friday. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Finally, Robert W. Baird upped their price target on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.64.

Amphenol Trading Down 0.8%

Shares of Amphenol stock traded down $0.76 during mid-day trading on Monday, hitting $99.45. The stock had a trading volume of 5,507,596 shares, compared to its average volume of 7,683,481. The firm has a 50-day moving average of $91.60 and a two-hundred day moving average of $76.49. The firm has a market cap of $120.30 billion, a P/E ratio of 48.28, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. Amphenol has a 12-month low of $54.77 and a 12-month high of $101.71.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. During the same period in the prior year, the business posted $0.40 EPS. The company’s revenue was up 47.7% compared to the same quarter last year. Sell-side analysts forecast that Amphenol will post 2.36 earnings per share for the current year.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Amphenol

Several large investors have recently modified their holdings of APH. Vanguard Group Inc. increased its position in Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares during the period. FMR LLC raised its position in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Geode Capital Management LLC boosted its position in shares of Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after purchasing an additional 18,619,417 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.