Amphenol (NYSE:APH) PT Lowered to $70.00

Amphenol (NYSE:APH) had its target price decreased by Bank of America from $71.00 to $70.00 in a research report report published on Wednesday morning, Benzinga reports. Bank of America currently has a neutral rating on the electronics maker’s stock.

A number of other research analysts have also weighed in on APH. Truist Financial raised their target price on shares of Amphenol from $74.50 to $76.00 and gave the stock a buy rating in a research note on Thursday, July 25th. Vertical Research assumed coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a hold rating and a $65.00 target price for the company. Evercore ISI reiterated an outperform rating on shares of Amphenol in a report on Thursday, June 13th. UBS Group lifted their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a buy rating in a report on Wednesday, July 10th. Finally, Stifel Nicolaus reiterated a hold rating on shares of Amphenol in a report on Thursday, June 13th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $66.50.

Amphenol Trading Up 1.5 %

Shares of Amphenol stock opened at $65.56 on Wednesday. The firm has a market capitalization of $78.75 billion, a PE ratio of 40.22, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol has a twelve month low of $39.34 and a twelve month high of $70.84. The firm’s 50-day moving average price is $64.13 and its 200 day moving average price is $63.93. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company posted $0.72 EPS. Amphenol’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Amphenol will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amphenol news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at $28,703,339. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock valued at $98,236,640 over the last quarter. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amphenol

Several large investors have recently bought and sold shares of the stock. Beacon Capital Management LLC boosted its stake in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC boosted its stake in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 188 shares during the period. Sachetta LLC boosted its stake in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the second quarter worth about $29,000. Finally, New Millennium Group LLC acquired a new stake in shares of Amphenol during the second quarter worth about $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Amphenol

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.