Amphenol (NYSE:APH) Given New $102.00 Price Target at Truist Financial

Amphenol (NYSE:APH - Get Free Report) had its price objective lifted by research analysts at Truist Financial from $90.00 to $102.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the electronics maker's stock. Truist Financial's price target suggests a potential upside of 32.30% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. TD Cowen increased their target price 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. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $77.92.

Amphenol Stock Performance

NYSE:APH traded down $1.46 during mid-day trading on Thursday, reaching $77.10. 6,318,823 shares of the stock were exchanged, compared to its average volume of 7,223,492. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol has a 1 year low of $49.38 and a 1 year high of $79.39. The company has a 50 day simple moving average of $71.98 and a 200-day simple moving average of $67.93. The stock has a market capitalization 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 earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4,051,810 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company's quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. Analysts anticipate that Amphenol will post 2.17 earnings per share for the current fiscal year.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the firm's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares of the company's stock, valued at $963,760. This trade represents a 92.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Amphenol

A number of institutional investors have recently modified their holdings of APH. Daiwa Securities Group Inc. lifted its holdings in Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after purchasing an additional 90,450 shares during the period. LMR Partners LLP lifted its stake in shares of Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after acquiring an additional 223,784 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock valued at $6,966,000 after acquiring an additional 19,496 shares in the last quarter. Whalen Wealth Management Inc. bought a new stake in Amphenol during the third quarter worth approximately $484,000. Finally, Czech National Bank lifted its position in Amphenol by 7.2% in the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker's stock worth $15,985,000 after purchasing an additional 16,425 shares during the period. 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.