The Goldman Sachs Group Forecasts Strong Price Appreciation for Amphenol (NYSE:APH) Stock

Amphenol (NYSE:APH) had its target price lifted by The Goldman Sachs Group from $79.00 to $89.00 in a research note published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the electronics maker’s stock.

A number of other brokerages also recently issued reports on APH. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday. Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Price Performance

Shares of Amphenol stock opened at $77.10 on Thursday. The firm has a market cap of $92.95 billion, a PE ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24. The stock has a 50 day moving average of $72.12 and a 200 day moving average of $68.00. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. Amphenol has a 12 month low of $49.38 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4,051,810 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. On average, research analysts expect that Amphenol will post 2.17 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, December 17th. Amphenol’s payout ratio is currently 34.55%.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the sale, the vice president now owns 14,000 shares of the company’s stock, valued at $963,760. This trade represents a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in Amphenol during the second quarter valued at $242,000. AE Wealth Management LLC lifted its holdings in shares of Amphenol by 154.7% in the 2nd quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock valued at $518,000 after buying an additional 4,671 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Amphenol by 107.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,041 shares of the electronics maker’s stock worth $195,000 after buying an additional 1,576 shares during the last quarter. Public Sector Pension Investment Board raised its position in Amphenol by 246.5% during the second quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock valued at $3,095,000 after acquiring an additional 32,685 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Amphenol by 130.6% in the second quarter. Evergreen Capital Management LLC now owns 7,075 shares of the electronics maker’s stock valued at $477,000 after acquiring an additional 4,007 shares during the period. 97.01% of the stock is 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.