Amphenol Co. (NYSE:APH) Receives Average Rating of "Moderate Buy" from Brokerages

Amphenol Co. (NYSE:APH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $80.68.

Several equities research analysts recently commented on APH shares. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Citigroup boosted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd.

Amphenol Price Performance

Shares of Amphenol stock traded down $5.55 during trading hours on Friday, reaching $62.35. The stock had a trading volume of 2,660,066 shares, compared to its average volume of 7,257,437. The stock's 50 day moving average is $67.45 and its 200 day moving average is $68.85. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol has a twelve month low of $54.72 and a twelve month high of $79.39. The firm has a market capitalization of $75.55 billion, a PE ratio of 32.56, a PEG ratio of 1.92 and a beta of 1.17.

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Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. Equities analysts expect that Amphenol will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.55%.

Institutional Trading of Amphenol

Several hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Amphenol in the fourth quarter worth approximately $1,378,794,000. Bank of America Corp DE grew its holdings in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP raised its holdings in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after buying an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after buying an additional 3,933,269 shares during the last quarter. 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.