Amphenol Corporation (NYSE:APH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, June 13th. The firm currently has a $84.00 target price on the electronics maker’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.04% from the stock’s current price.
According to Zacks, “Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive, mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. The company outperformed the industry in the last three months on diligent execution of plans. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The company also raised its earlier guidance and has bullish revenue and earnings expectations for 2017. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change.”
A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Amphenol Corporation in a report on Monday, April 3rd. Deutsche Bank AG upped their target price on shares of Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a report on Friday, April 28th. Morgan Stanley upped their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Stifel Nicolaus upped their target price on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, April 27th. Finally, Cowen and Company started coverage on shares of Amphenol Corporation in a report on Tuesday, March 21st. They issued an “outperform” rating and a $85.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $77.00.
Shares of Amphenol Corporation (NYSE:APH) traded down 0.45% during mid-day trading on Tuesday, reaching $75.31. 376,256 shares of the company’s stock were exchanged. The stock has a market capitalization of $23.02 billion, a PE ratio of 26.72 and a beta of 0.76. Amphenol Corporation has a 1-year low of $55.13 and a 1-year high of $76.67. The company’s 50 day moving average is $74.03 and its 200 day moving average is $70.43.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Corporation will post $2.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Monday, June 19th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, June 15th. Amphenol Corporation’s dividend payout ratio (DPR) is presently 22.70%.
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In other Amphenol Corporation news, Director Diana G. Reardon sold 200,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $74.91, for a total value of $14,982,000.00. Following the completion of the sale, the director now owns 200,000 shares of the company’s stock, valued at $14,982,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Martin Booker sold 46,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total value of $3,469,320.00. Following the transaction, the vice president now owns 20,400 shares of the company’s stock, valued at $1,538,568. The disclosure for this sale can be found here. In the last three months, insiders have sold 893,000 shares of company stock valued at $66,184,060. Corporate insiders own 2.92% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in APH. Columbia Partners L L C Investment Management boosted its position in Amphenol Corporation by 11.8% in the first quarter. Columbia Partners L L C Investment Management now owns 14,178 shares of the electronics maker’s stock valued at $1,009,000 after buying an additional 1,498 shares during the period. Sowell Financial Services LLC boosted its position in Amphenol Corporation by 6.4% in the first quarter. Sowell Financial Services LLC now owns 5,779 shares of the electronics maker’s stock valued at $427,000 after buying an additional 349 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in Amphenol Corporation during the first quarter valued at approximately $2,724,000. Achmea Investment Management B.V. acquired a new position in Amphenol Corporation during the first quarter valued at approximately $1,619,000. Finally, Bank of Nova Scotia boosted its position in Amphenol Corporation by 345.1% in the first quarter. Bank of Nova Scotia now owns 81,304 shares of the electronics maker’s stock valued at $5,787,000 after buying an additional 63,037 shares during the period. Institutional investors own 97.04% of the company’s stock.
Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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