TD Securities Forecasts Strong Price Appreciation for Amphenol (NYSE:APH) Stock

Amphenol (NYSE:APH) had its target price lifted by analysts at TD Securities from $63.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the electronics maker’s stock. TD Securities’ price target suggests a potential downside of 13.32% from the company’s current price.

Other equities analysts have also issued research reports about the stock. UBS Group restated a “buy” rating and issued a $85.00 target price (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. Citigroup increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Robert W. Baird boosted their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.62.

Amphenol Trading Up 2.7 %

NYSE APH opened at $80.76 on Thursday. Amphenol has a 12 month low of $54.77 and a 12 month high of $81.00. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $97.86 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The business’s 50-day moving average price is $66.53 and its two-hundred day moving average price is $69.37.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. On average, analysts expect that Amphenol will post 2.36 EPS for the current year.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 175,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares of the company’s stock, valued at approximately $151,649,855.11. This represents a 49.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,965,000 shares of company stock valued at $224,785,900. 1.67% of the stock is owned by insiders.

Institutional Trading of Amphenol

A number of large investors have recently added to or reduced their stakes in the stock. Hughes Financial Services LLC purchased a new stake in shares of Amphenol during the 1st quarter worth approximately $25,000. Tacita Capital Inc raised its stake in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC bought a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol during the 4th quarter worth $28,000. Finally, Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Hedge funds and other 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.