Amphenol (NYSE:APH) Raised to Buy at StockNews.com

Amphenol (NYSE:APH – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other equities analysts have also recently weighed in on the company. Robert W. Baird decreased their price target on Amphenol from $93.00 to $91.00 in a report on Thursday, January 26th. Credit Suisse Group initiated coverage on Amphenol in a report on Monday, December 12th. They issued an “outperform” rating and a $93.00 price target for the company. Jefferies Financial Group cut Amphenol from a “buy” rating to a “hold” rating and upped their price target for the stock from $87.00 to $88.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Truist Financial increased their target price on Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 23rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.36.

Amphenol Stock Down 1.2 %

APH opened at $76.79 on Friday. The firm has a 50 day moving average price of $79.18 and a 200 day moving average price of $76.39. The company has a market cap of $45.66 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.88 and a beta of 1.24. Amphenol has a 1 year low of $61.67 and a 1 year high of $82.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.64 and a current ratio of 2.42.

Amphenol (NYSE:APH – Get Rating) last posted its earnings results on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.15 billion. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Sell-side analysts expect that Amphenol will post 2.96 earnings per share for the current year.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 650,000 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the sale, the chief executive officer now directly owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amphenol news, VP Lance E. D’amico sold 25,000 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $82.19, for a total value of $2,054,750.00. Following the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,112,283. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Adam Norwitt sold 650,000 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the completion of the sale, the chief executive officer now directly owns 967,424 shares in the company, valued at $79,057,889.28. The disclosure for this sale can be found here. Insiders have sold 804,800 shares of company stock worth $65,769,622 over the last ninety days. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APH. Vontobel Holding Ltd. increased its holdings in shares of Amphenol by 8.2% during the first quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock valued at $1,022,000 after purchasing an additional 1,006 shares during the period. Sei Investments Co. boosted its stake in Amphenol by 4.0% during the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock valued at $12,716,000 after buying an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Amphenol by 56.7% during the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after buying an additional 95,613 shares in the last quarter. Prudential PLC bought a new position in Amphenol during the first quarter valued at about $857,000. Finally, Sequoia Financial Advisors LLC bought a new position in Amphenol during the first quarter valued at about $245,000. 94.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Company Profile

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.