Recent Research Analysts’ Ratings Updates for Amphenol (APH)

Posted by Darlene League on May 28th, 2024

Several brokerages have updated their recommendations and price targets on shares of Amphenol (NYSE: APH) in the last few weeks:

5/28/2024 – Amphenol had its price target raised by analysts at Citigroup Inc. from $135.00 to $160.00. They now have a “buy” rating on the stock.
5/24/2024 – Amphenol had its price target raised by analysts at Truist Financial Co. from $136.00 to $149.00. They now have a “buy” rating on the stock.
5/20/2024 – Amphenol was upgraded by analysts at Seaport Res Ptn to a “strong-buy” rating.
5/17/2024 – Amphenol had its price target raised by analysts at Bank of America Co. from $137.00 to $144.00. They now have a “buy” rating on the stock.
4/25/2024 – Amphenol had its price target raised by analysts at JPMorgan Chase & Co. from $125.00 to $130.00. They now have an “overweight” rating on the stock.
4/25/2024 – Amphenol had its price target raised by analysts at Evercore ISI from $125.00 to $130.00. They now have an “outperform” rating on the stock.
4/25/2024 – Amphenol had its price target raised by analysts at Robert W. Baird from $123.00 to $124.00. They now have an “outperform” rating on the stock.
4/25/2024 – Amphenol had its price target raised by analysts at Truist Financial Co. from $121.00 to $136.00. They now have a “buy” rating on the stock.
4/25/2024 – Amphenol had its price target raised by analysts at Bank of America Co. from $121.00 to $124.00. They now have a “buy” rating on the stock.
4/25/2024 – Amphenol had its price target raised by analysts at UBS Group AG from $135.00 to $138.00. They now have a “buy” rating on the stock.
4/18/2024 – Amphenol had its price target raised by analysts at Bank of America Co. from $117.00 to $121.00. They now have a “buy” rating on the stock.
4/16/2024 – Amphenol had its price target raised by analysts at UBS Group AG from $118.00 to $135.00. They now have a “buy” rating on the stock.
4/11/2024 – Amphenol had its price target raised by analysts at JPMorgan Chase & Co. from $118.00 to $125.00. They now have an “overweight” rating on the stock.
4/9/2024 – Amphenol is now covered by analysts at Jefferies Financial Group Inc.. They set a “hold” rating and a $125.00 price target on the stock.
4/4/2024 – Amphenol had its price target raised by analysts at Citigroup Inc. from $117.00 to $135.00. They now have a “buy” rating on the stock.

Amphenol Trading Down 1.7 %

Shares of Amphenol stock traded down $2.26 during midday trading on Tuesday, reaching $133.98. 4,836,250 shares of the company’s stock traded hands, compared to its average volume of 2,976,633. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. The company has a market cap of $80.47 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 3.17 and a beta of 1.27. The stock has a 50 day moving average of $120.32 and a 200-day moving average of $106.81. Amphenol Co. has a 12 month low of $74.47 and a 12 month high of $138.59.

Shares of Amphenol are going to split before the market opens on Wednesday, June 12th. The 2-1 split was announced on Wednesday, June 12th. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, June 12th.

Amphenol (NYSE:APH – Get Free Report) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. As a group, equities analysts expect that Amphenol Co. will post 3.38 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.66%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 115,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $135.14, for a total value of $15,541,100.00. Following the completion of the transaction, the insider now owns 198,640 shares in the company, valued at $26,844,209.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luc Walter sold 115,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $135.14, for a total value of $15,541,100.00. Following the transaction, the insider now owns 198,640 shares of the company’s stock, valued at $26,844,209.60. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amphenol

Several institutional investors and hedge funds have recently modified their holdings of APH. Benjamin F. Edwards & Company Inc. boosted its position in shares of Amphenol by 228.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock valued at $10,934,000 after buying an additional 76,724 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Amphenol during the fourth quarter valued at $3,589,000. West Coast Financial LLC boosted its position in shares of Amphenol by 65.0% during the fourth quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after buying an additional 50,778 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Amphenol by 63.4% during the fourth quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after buying an additional 14,843 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Amphenol during the fourth quarter valued at $2,875,000. 97.01% of the stock is currently owned by institutional investors.

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.