Amphenol (NYSE:APH) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Amphenol (NYSE:APH) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other research analysts have also recently issued research reports about the company. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. Evercore ISI increased their price objective on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, June 5th. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. The Goldman Sachs Group increased their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Amphenol Trading Up 0.9%

APH opened at $93.32 on Friday. Amphenol has a one year low of $54.77 and a one year high of $94.83. The stock has a market cap of $112.88 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 1.92 and a beta of 1.12. The stock’s 50 day moving average price is $80.99 and its 200-day moving average price is $73.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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 return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Amphenol’s revenue was up 47.7% compared to the same quarter last year. On average, equities analysts forecast that Amphenol will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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

Insider Activity

In other news, VP Lance E. D’amico sold 175,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. This represents a 77.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president now owns 152,412 shares of the company’s stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new position in Amphenol in the 1st quarter worth $25,000. Tacita Capital Inc raised its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Avalon Trust Co raised its stake in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 232 shares during the last quarter. Sierra Ocean LLC purchased a new position in Amphenol in the 4th quarter worth $28,000. Finally, Rialto Wealth Management LLC purchased a new position in Amphenol in the 4th quarter worth $28,000. Hedge funds and other 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.