Bank of America Boosts Amphenol (NYSE:APH) Price Target to $85.00

Amphenol (NYSE:APH - Free Report) had its target price increased by Bank of America from $75.00 to $85.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the electronics maker's stock.

Other research analysts have also issued reports about the stock. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Robert W. Baird increased their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday. 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. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.92.

Amphenol Stock Performance

APH traded up $0.70 during midday trading on Thursday, reaching $78.54. The company had a trading volume of 9,307,232 shares, compared to its average volume of 7,288,021. The business has a 50-day moving average of $71.86 and a two-hundred day moving average of $67.86. The company has a market cap of $94.69 billion, a P/E ratio of 45.14, a P/E/G ratio of 1.98 and a beta of 1.24. Amphenol has a 1 year low of $49.38 and a 1 year high of $78.82. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4,051,810 billion. During the same quarter last year, the company earned $0.82 EPS. The firm's quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities research analysts predict that Amphenol will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.84%. Amphenol's dividend payout ratio (DPR) is 37.93%.

Insider Transactions at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares in the company, 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. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amphenol

Institutional investors have recently bought and sold shares of the business. Trifecta Capital Advisors LLC grew its position in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after buying an additional 338 shares during the last quarter. Core Alternative Capital raised its stake in shares of Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC boosted its holdings in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol in the fourth quarter worth about $32,000. 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.