Amphenol (NYSE:APH) Price Target Raised to $89.00 at The Goldman Sachs Group

Amphenol (NYSE:APH - Get Free Report) had its price target boosted by The Goldman Sachs Group from $79.00 to $89.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the electronics maker's stock. The Goldman Sachs Group's price objective suggests a potential upside of 15.44% from the stock's previous close.

A number of other research firms have also issued reports on APH. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, January 17th. 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $77.92.

Amphenol Stock Performance

Shares of NYSE APH traded down $1.46 during midday trading on Thursday, hitting $77.10. The company's stock had a trading volume of 6,318,823 shares, compared to its average volume of 7,223,492. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37. The firm's fifty day moving average price is $71.98 and its 200-day moving average price is $67.93. Amphenol has a 1-year low of $49.38 and a 1-year high of $79.39. The firm has a market cap of $92.95 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. During the same quarter last year, the business earned $0.82 earnings per share. Amphenol's revenue was up 29.8% compared to the same quarter last year. On average, sell-side analysts forecast that Amphenol will post 2.17 EPS for the current fiscal year.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of the company's stock in a transaction on 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 filing with the SEC, which can be accessed through this link. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the sale, the vice president now directly owns 14,000 shares of the company's stock, valued at $1,005,340. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in APH. Trust Point Inc. grew its holdings in shares of Amphenol by 15.0% during the 4th quarter. Trust Point Inc. now owns 10,376 shares of the electronics maker's stock valued at $721,000 after purchasing an additional 1,357 shares during the last quarter. Rheos Capital Works Inc. grew its stake in shares of Amphenol by 17.2% during the fourth quarter. Rheos Capital Works Inc. now owns 79,700 shares of the electronics maker's stock worth $5,535,000 after buying an additional 11,700 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Amphenol by 2.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 20,237 shares of the electronics maker's stock worth $1,409,000 after buying an additional 389 shares in the last quarter. Catalina Capital Group LLC lifted its stake in shares of Amphenol by 4.6% in the 4th quarter. Catalina Capital Group LLC now owns 4,600 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 201 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its position in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after acquiring an additional 136 shares during the last quarter. 97.01% of the stock is owned by 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.