Evercore ISI Boosts Amphenol (NYSE:APH) Price Target to $110.00

Amphenol (NYSE:APH) had its target price increased by Evercore ISI from $105.00 to $110.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the electronics maker’s stock. Evercore ISI’s price objective suggests a potential upside of 6.41% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday, June 22nd. KGI Securities initiated coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a “hold” rating for the company. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research report on Friday, July 11th. Citigroup lifted their price objective on shares of Amphenol from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $91.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.07.

Amphenol Stock Performance

NYSE:APH opened at $103.37 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The stock has a market capitalization of $125.04 billion, a P/E ratio of 50.18, a PEG ratio of 2.35 and a beta of 1.13. The company has a 50 day moving average price of $93.26 and a 200 day moving average price of $77.33. Amphenol has a fifty-two week low of $54.77 and a fifty-two week high of $103.70.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the company posted $0.40 EPS. The firm’s revenue was up 47.7% compared to the same quarter last year. Equities research analysts forecast that Amphenol will post 2.36 EPS for the current year.

Insider Activity

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer directly owned 100,000 shares in the company, valued at approximately $7,593,000. This represents a 80.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Luc Walter sold 286,000 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 in the last quarter. Insiders own 1.67% of the company’s stock.

Institutional Trading of Amphenol

Several institutional investors and hedge funds have recently modified their holdings of the business. EWA LLC lifted its holdings in shares of Amphenol by 2.3% in the second quarter. EWA LLC now owns 5,200 shares of the electronics maker’s stock valued at $514,000 after purchasing an additional 115 shares in the last quarter. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Amphenol in the second quarter valued at about $12,176,000. Consolidated Planning Corp lifted its holdings in shares of Amphenol by 9.7% in the second quarter. Consolidated Planning Corp now owns 46,702 shares of the electronics maker’s stock valued at $4,612,000 after purchasing an additional 4,111 shares in the last quarter. Precision Wealth Strategies LLC purchased a new stake in shares of Amphenol in the second quarter valued at about $966,000. Finally, Parkwoods Wealth Partners LLC purchased a new position in shares of Amphenol during the second quarter valued at approximately $206,000. 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.