Amphenol Corporation (NYSE:APH) had its price objective lifted by Stifel Nicolaus from $78.00 to $85.00 in a report released on Thursday, MarketBeat reports. They currently have a hold rating on the electronics maker’s stock.
Other equities analysts have also recently issued reports about the company. BidaskClub upgraded Amphenol Corporation from a hold rating to a buy rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a buy rating to a neutral rating and raised their price objective for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th. Canaccord Genuity restated a hold rating on shares of Amphenol Corporation in a research note on Monday, October 16th. Finally, Zacks Investment Research cut Amphenol Corporation from a buy rating to a hold rating in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $86.78.
Shares of Amphenol Corporation (NYSE APH) opened at 86.60 on Thursday. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 29.16 and a beta of 0.78. The stock has a 50 day moving average of $84.65 and a 200-day moving average of $77.57. Amphenol Corporation has a 12 month low of $64.73 and a 12 month high of $88.19.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business earned $0.73 EPS. Amphenol Corporation’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Amphenol Corporation will post $3.20 EPS for the current year.
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In other news, VP David M. Silverman sold 16,000 shares of Amphenol Corporation stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the sale, the vice president now directly owns 16,000 shares in the company, valued at approximately $1,280,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total value of $1,214,700.00. Following the sale, the chief financial officer now owns 40,000 shares in the company, valued at $3,239,200. The disclosure for this sale can be found here. Insiders have sold a total of 433,200 shares of company stock worth $33,886,886 over the last quarter. Company insiders own 2.51% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new stake in shares of Amphenol Corporation during the 2nd quarter worth $109,000. People s United Financial Inc. raised its stake in shares of Amphenol Corporation by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after purchasing an additional 95 shares during the period. Parallel Advisors LLC raised its stake in shares of Amphenol Corporation by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after purchasing an additional 391 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Amphenol Corporation during the 2nd quarter worth $148,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Amphenol Corporation by 2,839.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,381 shares of the electronics maker’s stock worth $176,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 96.90% of the company’s stock.
Amphenol Corporation Company Profile
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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