Amphenol (NYSE:APH) Raised to Buy at StockNews.com
Amphenol (NYSE:APH – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Sunday.
APH has been the subject of a number of other reports. Truist Financial increased their target price on shares of Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 23rd. Robert W. Baird cut their price objective on shares of Amphenol from $93.00 to $91.00 in a research report on Thursday, January 26th. Jefferies Financial Group cut shares of Amphenol from a “buy” rating to a “hold” rating and raised their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Credit Suisse Group initiated coverage on shares of Amphenol in a research report on Monday, December 12th. They set an “outperform” rating and a $93.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $86.36.
Amphenol Stock Performance
Shares of NYSE APH opened at $76.79 on Friday. The company’s fifty day moving average price is $79.18 and its 200 day moving average price is $76.39. Amphenol has a 1 year low of $61.67 and a 1 year high of $82.86. The company has a market capitalization of $45.66 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.64 and a current ratio of 2.42.
Amphenol (NYSE:APH – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.15 billion. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. On average, research analysts predict that Amphenol will post 2.96 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Richard Adam Norwitt sold 650,000 shares of Amphenol stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total value of $53,118,000.00. Following the completion of the transaction, the chief executive officer now owns 967,424 shares in the company, valued at $79,057,889.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amphenol news, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total transaction of $53,118,000.00. Following the sale, the chief executive officer now owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean-Luc Gavelle sold 129,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $81.64, for a total transaction of $10,596,872.00. The disclosure for this sale can be found here. Insiders sold 804,800 shares of company stock worth $65,769,622 over the last 90 days. 2.10% of the stock is owned by insiders.
Institutional Trading of Amphenol
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC increased its holdings in shares of Amphenol by 95,441.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock valued at $1,055,971,000 after acquiring an additional 13,854,291 shares during the period. Norges Bank acquired a new position in shares of Amphenol in the 4th quarter valued at $653,884,000. Morgan Stanley increased its stake in Amphenol by 44.1% in the 4th quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock valued at $823,186,000 after buying an additional 3,310,939 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Amphenol by 838.3% in the 3rd 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 buying an additional 2,931,531 shares during the period. Finally, Royal Bank of Canada increased its stake in Amphenol by 80.4% in the 3rd quarter. Royal Bank of Canada now owns 3,605,904 shares of the electronics maker’s stock valued at $241,452,000 after buying an additional 1,607,472 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.
Amphenol Company Profile
Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.
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