TD Securities Forecasts Strong Price Appreciation for Amphenol (NYSE:APH) Stock

Amphenol (NYSE:APH) had its target price increased by equities researchers at TD Securities from $63.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the electronics maker’s stock. TD Securities’ target price indicates a potential downside of 13.32% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Citigroup raised their price target on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 24th. UBS Group reiterated a “buy” rating and issued a $85.00 price objective (up from $78.00) on shares of Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group raised their target price on shares of Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Amphenol Stock Up 2.7 %

NYSE:APH opened at $80.76 on Thursday. Amphenol has a twelve month low of $54.77 and a twelve month high of $81.00. The firm has a market capitalization of $97.86 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $66.53 and its two-hundred day moving average price is $69.37.

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

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,965,000 shares of company stock valued at $224,785,900 over the last quarter. 1.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amphenol

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in shares of Amphenol in the 3rd quarter valued at $582,000. Wilmington Savings Fund Society FSB bought a new position in Amphenol in the third quarter valued at about $2,277,000. Principal Financial Group Inc. boosted its stake in shares of Amphenol by 73.9% during the third quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock valued at $168,851,000 after purchasing an additional 1,101,368 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Amphenol by 142.9% during the fourth quarter. Versant Capital Management Inc now owns 1,630 shares of the electronics maker’s stock worth $113,000 after purchasing an additional 959 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Amphenol by 15.1% in the fourth quarter. GAMMA Investing LLC now owns 35,570 shares of the electronics maker’s stock valued at $2,470,000 after buying an additional 4,676 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.