Amphenol Corporation (NYSE:APH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Amphenol Corporation (NYSE:APH) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $147.6154.

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $183.00 target price on shares of Amphenol in a research note on Thursday, January 15th. Evercore ISI restated an “outperform” rating and issued a $165.00 target price on shares of Amphenol in a research report on Tuesday. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and increased their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $174.00 target price (up previously from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 40,076 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total value of $5,750,906.00. Following the completion of the sale, the chief financial officer owned 39,884 shares in the company, valued at $5,723,354. This represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at $10,696,764. This represents a 61.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 698,076 shares of company stock valued at $99,081,306. 1.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amphenol

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in Amphenol during the second quarter valued at about $2,104,244,000. Capital International Investors grew its position in Amphenol by 446.9% during the 3rd quarter. Capital International Investors now owns 18,006,524 shares of the electronics maker’s stock worth $2,228,288,000 after purchasing an additional 14,714,177 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Amphenol by 106.9% in the third quarter. Capital Research Global Investors now owns 15,523,085 shares of the electronics maker’s stock valued at $1,920,982,000 after purchasing an additional 8,021,284 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Amphenol by 693.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,279,457 shares of the electronics maker’s stock valued at $900,833,000 after buying an additional 6,362,533 shares in the last quarter. Finally, Lone Pine Capital LLC acquired a new position in Amphenol during the third quarter valued at $374,125,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Down 1.0%

Shares of NYSE APH opened at $150.97 on Friday. The company has a market cap of $184.79 billion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. The stock’s 50 day simple moving average is $139.45 and its 200 day simple moving average is $125.44. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. Amphenol has a 12-month low of $56.45 and a 12-month high of $157.54.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Equities research analysts expect that Amphenol will post 2.36 EPS for the current year.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.