Amphenol (NYSE:APH) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, April 2nd.
APH has been the subject of a number of other reports. Zacks Investment Research cut Amphenol from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Cowen reissued a “buy” rating and issued a $105.00 target price on shares of Amphenol in a report on Wednesday, January 10th. SunTrust Banks reaffirmed a “hold” rating and set a $89.00 price target (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Finally, Morgan Stanley raised their price target on Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $92.00.
NYSE:APH traded up $0.35 during mid-day trading on Monday, hitting $86.82. 999,841 shares of the company’s stock traded hands, compared to its average volume of 1,341,046. The company has a quick ratio of 2.25, a current ratio of 2.95 and a debt-to-equity ratio of 0.88. Amphenol has a 12 month low of $69.42 and a 12 month high of $93.62. The company has a market cap of $26,152.47, a price-to-earnings ratio of 27.82, a PEG ratio of 2.51 and a beta of 0.83.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.75 EPS. The company’s quarterly revenue was up 17.7% on a year-over-year basis. analysts anticipate that Amphenol will post 3.46 EPS for the current year.
In other Amphenol news, Director John R. Lord sold 2,000 shares of the business’s stock in a transaction that occurred on Sunday, September 2nd. The stock was sold at an average price of $62.47, for a total transaction of $124,940.00. Following the transaction, the director now owns 38,677 shares of the company’s stock, valued at $2,416,152.19. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lance E. D’amico sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $92.07, for a total value of $920,700.00. The disclosure for this sale can be found here. 2.51% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Amphenol by 9.8% in the fourth quarter. BlackRock Inc. now owns 21,118,863 shares of the electronics maker’s stock valued at $1,854,233,000 after buying an additional 1,880,658 shares during the period. Geode Capital Management LLC boosted its stake in shares of Amphenol by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 3,625,410 shares of the electronics maker’s stock valued at $317,719,000 after buying an additional 233,439 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Amphenol by 0.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,823,577 shares of the electronics maker’s stock worth $247,910,000 after purchasing an additional 23,894 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Amphenol by 3.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,108,479 shares of the electronics maker’s stock worth $185,125,000 after purchasing an additional 74,915 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Amphenol by 42.7% during the fourth quarter. Swiss National Bank now owns 1,607,750 shares of the electronics maker’s stock worth $141,160,000 after purchasing an additional 480,900 shares during the last quarter. Institutional investors own 96.52% of the company’s stock.
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Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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