Amphenol (NYSE:APH) Price Target Increased to $138.00 by Analysts at UBS Group

Amphenol (NYSE:APH) had its price objective lifted by research analysts at UBS Group from $135.00 to $138.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. UBS Group’s price objective would suggest a potential upside of 14.53% from the company’s previous close.

APH has been the topic of several other reports. Citigroup upped their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Robert W. Baird lifted their target price on shares of Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI upped their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.83.

Amphenol Trading Up 1.2 %

Shares of NYSE APH opened at $120.49 on Thursday. The firm has a 50 day moving average price of $112.04 and a two-hundred day moving average price of $99.70. The stock has a market cap of $72.48 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. Amphenol has a 52-week low of $72.77 and a 52-week high of $121.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business posted $0.69 earnings per share. Amphenol’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts forecast that Amphenol will post 3.29 EPS for the current year.

Amphenol declared that its board has authorized a share buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

A number of hedge funds have recently modified their holdings of the stock. Trueblood Wealth Management LLC bought a new stake in shares of Amphenol in the first quarter valued at $264,000. UMB Bank n.a. raised its stake in Amphenol by 1.1% in the 1st quarter. UMB Bank n.a. now owns 209,885 shares of the electronics maker’s stock valued at $24,210,000 after acquiring an additional 2,263 shares during the period. Horizon Financial Services LLC purchased a new stake in Amphenol during the first quarter valued at about $163,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in Amphenol during the first quarter worth about $7,082,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Amphenol in the first quarter worth about $2,185,000. Institutional investors own 97.01% of the company’s stock.

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.