Amphenol (NYSE:APH) Given New $75.00 Price Target at Citigroup

Amphenol (NYSE:APH - Free Report) had its target price cut by Citigroup from $89.00 to $75.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the electronics maker's stock.

Several other equities analysts have also commented on the stock. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on Amphenol from $89.00 to $72.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group dropped their target price on Amphenol from $90.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.40.

Amphenol Trading Up 0.6 %

NYSE:APH traded up $0.36 on Monday, hitting $65.13. The stock had a trading volume of 6,052,594 shares, compared to its average volume of 7,412,657. The company has a fifty day moving average price of $65.39 and a two-hundred day moving average price of $68.68. The stock has a market cap of $78.93 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol has a 1-year low of $54.72 and a 1-year high of $79.39.

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

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Hedge Funds Weigh In On Amphenol

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APH. Vanguard Group Inc. raised its stake in Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares in the last quarter. FMR LLC lifted its holdings in shares of Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 buying an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC increased its position in Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after buying an additional 659,560 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

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.