Amphenol (NYSE:APH) PT Raised to $80.00 at UBS Group

Amphenol (NYSE:APH) had its price objective raised by stock analysts at UBS Group from $69.00 to $80.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. UBS Group’s price target indicates a potential upside of 15.06% from the stock’s current price.

Other analysts have also issued reports about the company. Bank of America increased their price objective on Amphenol from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen lifted their price target on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a report on Thursday, June 6th. Robert W. Baird increased their price objective on Amphenol from $61.50 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, Jefferies Financial Group began coverage on Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $62.50 target price on the stock. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Amphenol Stock Down 0.7 %

Shares of Amphenol stock opened at $69.53 on Wednesday. Amphenol has a 1 year low of $39.34 and a 1 year high of $70.84. The company has a market cap of $83.52 billion, a P/E ratio of 42.53, a P/E/G ratio of 3.17 and a beta of 1.25. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $66.82 and a 200 day moving average price of $58.20.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts expect that Amphenol will post 1.69 EPS for the current fiscal year.

Amphenol declared that its board has approved a stock repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Luc Walter sold 230,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the sale, the insider now directly owns 397,280 shares in the company, valued at $26,844,209.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

Several institutional investors have recently made changes to their positions in APH. B. Riley Wealth Advisors Inc. boosted its holdings in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after purchasing an additional 80 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Amphenol by 1.7% in the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after buying an additional 81 shares in the last quarter. Lindbrook Capital LLC grew its position in Amphenol by 2.0% in the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after acquiring an additional 85 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in Amphenol by 1.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 88 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its holdings in shares of Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after acquiring an additional 89 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.