Amphenol Co. (NYSE:APH) Receives Average Recommendation of “Hold” from Brokerages

December 1, 2022 by No Comments

Amphenol Co. (NYSE:APHGet Rating) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $84.56.

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Jefferies Financial Group downgraded shares of Amphenol from a “buy” rating to a “hold” rating and upped their price objective for the stock from $87.00 to $88.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. UBS Group upped their target price on shares of Amphenol from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, October 10th.

Amphenol Trading Down 3.1 %

NYSE APH opened at $77.82 on Tuesday. Amphenol has a one year low of $61.67 and a one year high of $88.45. The company has a 50-day simple moving average of $73.46 and a 200-day simple moving average of $71.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.60 and a current ratio of 2.38. The firm has a market capitalization of $46.31 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.25.

Amphenol (NYSE:APHGet Rating) last posted its earnings results on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. Amphenol had a net margin of 14.98% and a return on equity of 28.02%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the business posted $0.65 EPS. Amphenol’s revenue was up 16.9% on a year-over-year basis. On average, equities analysts forecast that Amphenol will post 2.97 earnings per share for the current year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Tuesday, December 20th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 19th. This is a boost from Amphenol’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.08%. Amphenol’s dividend payout ratio (DPR) is currently 26.85%.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 40,000 shares of Amphenol stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $78.79, for a total transaction of $3,151,600.00. Following the completion of the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,024,903. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP David M. Silverman sold 75,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $80.02, for a total value of $6,001,500.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $560,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 40,000 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $78.79, for a total value of $3,151,600.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $2,024,903. The disclosure for this sale can be found here. Insiders sold a total of 242,000 shares of company stock valued at $19,290,240 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amphenol

A number of large investors have recently modified their holdings of APH. Vanguard Group Inc. raised its stake in Amphenol by 7.0% during the first quarter. Vanguard Group Inc. now owns 69,178,983 shares of the electronics maker’s stock valued at $5,212,637,000 after buying an additional 4,495,813 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Amphenol by 838.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,281,215 shares of the electronics maker’s stock valued at $219,710,000 after acquiring an additional 2,931,531 shares during the last quarter. Royal Bank of Canada increased its position in Amphenol by 80.4% during the third quarter. Royal Bank of Canada now owns 3,605,904 shares of the electronics maker’s stock valued at $241,452,000 after acquiring an additional 1,607,472 shares during the last quarter. Renaissance Technologies LLC increased its position in Amphenol by 256.7% during the second quarter. Renaissance Technologies LLC now owns 2,222,100 shares of the electronics maker’s stock valued at $143,059,000 after acquiring an additional 1,599,200 shares during the last quarter. Finally, FMR LLC grew its holdings in Amphenol by 2.7% during the second quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock valued at $3,322,965,000 after purchasing an additional 1,341,887 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Amphenol Company Profile

(Get Rating)

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.

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Analyst Recommendations for Amphenol (NYSE:APH)

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