Amphenol (NYSE:APH) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Amphenol (NYSE:APH - Get Free Report) had its price target raised by equities research analysts at Robert W. Baird from $85.00 to $89.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the electronics maker's stock. Robert W. Baird's target price would indicate a potential upside of 13.32% from the company's current price.

Other equities analysts also recently issued reports about the company. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Citigroup upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Finally, Bank of America lifted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.92.

Amphenol Stock Performance

Shares of APH traded up $0.70 during mid-day trading on Thursday, hitting $78.54. The stock had a trading volume of 5,820,856 shares, compared to its average volume of 7,012,726. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company has a market cap of $94.69 billion, a PE ratio of 45.16, a PEG ratio of 1.98 and a beta of 1.24. Amphenol has a fifty-two week low of $49.38 and a fifty-two week high of $78.82. The company's fifty day simple moving average is $71.86 and its two-hundred day simple moving average is $67.86.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4,051,810 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities analysts expect that Amphenol will post 1.84 earnings per share for the current year.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now directly owns 14,000 shares of the company's stock, valued at $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company's stock, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by insiders.

Institutional Trading of Amphenol

Hedge funds have recently bought and sold shares of the company. Mediolanum International Funds Ltd lifted its position in shares of Amphenol by 12.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 84,861 shares of the electronics maker's stock valued at $5,883,000 after acquiring an additional 9,345 shares in the last quarter. Baron Wealth Management LLC acquired a new stake in Amphenol during the 4th quarter valued at $211,000. New England Research & Management Inc. purchased a new stake in shares of Amphenol in the fourth quarter valued at $976,000. Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the fourth quarter worth $32,000. Finally, Ibex Wealth Advisors purchased a new position in shares of Amphenol during the fourth quarter valued at $337,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Amphenol

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.