Stifel Nicolaus Reaffirms Hold Rating for Amphenol Co. (NYSE:APH)

Amphenol Co. (NYSE:APH)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a report released on Friday, July 14th. They currently have a $72.00 target price on the electronics maker’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 7.66% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. BidaskClub raised Amphenol from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) downgraded Amphenol from a “buy” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada upped their price objective on Amphenol from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.38.

Shares of Amphenol (NYSE:APH) opened at 77.97 on Friday. The firm has a market capitalization of $23.82 billion, a P/E ratio of 26.25 and a beta of 0.77. The company’s 50-day moving average is $75.52 and its 200 day moving average is $72.40. Amphenol has a 52-week low of $59.58 and a 52-week high of $78.58.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol had a return on equity of 26.62% and a net margin of 15.22%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Analysts expect that Amphenol will post $3.09 EPS for the current fiscal year.

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In other Amphenol news, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total value of $1,092,900.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at $2,914,400. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Zachary W. Raley sold 432,000 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $74.12, for a total value of $32,019,840.00. Following the completion of the sale, the senior vice president now owns 144,000 shares of the company’s stock, valued at $10,673,280. The disclosure for this sale can be found here. Insiders have sold a total of 1,265,200 shares of company stock valued at $95,179,956 over the last 90 days. 2.51% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in shares of Amphenol by 6.5% in the fourth quarter. AQR Capital Management LLC now owns 22,688 shares of the electronics maker’s stock worth $1,525,000 after buying an additional 1,392 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Amphenol by 103.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,745,948 shares of the electronics maker’s stock worth $117,330,000 after buying an additional 886,502 shares in the last quarter. USA Financial Portformulas Corp purchased a new position in shares of Amphenol during the fourth quarter worth $3,113,000. Teachers Advisors LLC raised its position in shares of Amphenol by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 546,111 shares of the electronics maker’s stock worth $36,699,000 after buying an additional 9,435 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in shares of Amphenol during the fourth quarter worth $1,504,000. Institutional investors own 96.75% of the company’s stock.

About Amphenol

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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