The Goldman Sachs Group Issues Positive Forecast for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its price objective upped by The Goldman Sachs Group from $90.00 to $102.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the electronics maker’s stock.

Several other research analysts have also commented on APH. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. UBS Group increased their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. Finally, Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $88.00.

Amphenol Stock Performance

Shares of APH stock opened at $92.42 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol has a fifty-two week low of $54.77 and a fifty-two week high of $94.11. The stock’s 50-day moving average is $78.33 and its two-hundred day moving average is $72.52. The firm has a market cap of $111.79 billion, a P/E ratio of 48.26, a PEG ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm’s revenue was up 47.7% on a year-over-year basis. Analysts predict that Amphenol will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. Amphenol’s payout ratio is 32.04%.

Insider Transactions at Amphenol

In related news, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at $7,593,000. This trade represents a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president now directly owns 152,412 shares in the company, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Insiders own 1.67% of the company’s stock.

Institutional Trading of Amphenol

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares in the last quarter. FMR LLC boosted its position in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares in the last quarter. 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.