Amphenol Co. (APH) Receives $96.80 Consensus Price Target from Brokerages

Amphenol Co. (NYSE:APH) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $96.80.

Several brokerages have commented on APH. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Tuesday, November 20th. ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Morgan Stanley decreased their price target on shares of Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 3rd. Finally, Goldman Sachs Group began coverage on shares of Amphenol in a research note on Tuesday, October 9th. They issued a “neutral” rating on the stock.

APH stock traded down $0.34 during mid-day trading on Monday, hitting $83.58. The company had a trading volume of 2,947,713 shares, compared to its average volume of 1,507,962. The stock has a market cap of $25.29 billion, a P/E ratio of 26.79, a PEG ratio of 1.91 and a beta of 0.86. Amphenol has a 12-month low of $80.42 and a 12-month high of $97.56. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. On average, analysts anticipate that Amphenol will post 3.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Stockholders of record on Monday, December 17th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, December 14th. Amphenol’s dividend payout ratio is 29.49%.

In other news, VP Richard Gu sold 2,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $87.00, for a total transaction of $174,000.00. Following the sale, the vice president now directly owns 3,000 shares in the company, valued at approximately $261,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.51% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Cornerstone Wealth Management LLC bought a new position in Amphenol during the 2nd quarter valued at about $175,000. Piedmont Investment Advisors LLC bought a new position in Amphenol during the 2nd quarter valued at about $298,000. Aperio Group LLC grew its holdings in Amphenol by 1.2% during the 2nd quarter. Aperio Group LLC now owns 167,868 shares of the electronics maker’s stock valued at $14,630,000 after purchasing an additional 2,067 shares during the last quarter. Alps Advisors Inc. grew its holdings in Amphenol by 243.1% during the 2nd quarter. Alps Advisors Inc. now owns 8,042 shares of the electronics maker’s stock valued at $706,000 after purchasing an additional 5,698 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Amphenol by 16,640.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,674 shares of the electronics maker’s stock valued at $146,000 after purchasing an additional 1,664 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

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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Analyst Recommendations for Amphenol (NYSE:APH)

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