Amphenol (NYSE:APH)‘s stock had its “buy” rating reissued by equities research analysts at Cowen in a report released on Wednesday. They currently have a $105.00 price target on the electronics maker’s stock. Cowen’s price target would indicate a potential upside of 14.34% from the stock’s current price.
A number of other brokerages also recently commented on APH. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 price target on shares of Amphenol in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. SunTrust Banks increased their price target on shares of Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Deutsche Bank raised their price objective on shares of Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus raised their price objective on shares of Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $89.60.
Shares of Amphenol (NYSE:APH) traded up $1.04 during trading hours on Wednesday, hitting $91.83. 845,965 shares of the company were exchanged, compared to its average volume of 967,353. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. Amphenol has a 1 year low of $66.00 and a 1 year high of $91.94. The company has a market cap of $27,721.74, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81.
In other Amphenol news, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.51, for a total value of $895,100.00. Following the completion of the sale, the chief financial officer now owns 35,000 shares of the company’s stock, valued at $3,132,850. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jean-Luc Gavelle sold 88,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $86.37, for a total transaction of $7,600,560.00. Following the completion of the sale, the vice president now directly owns 48,000 shares of the company’s stock, valued at approximately $4,145,760. The disclosure for this sale can be found here. In the last three months, insiders sold 849,000 shares of company stock valued at $75,518,690. 2.51% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new position in shares of Amphenol during the third quarter worth approximately $3,008,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Amphenol during the second quarter worth approximately $392,000. Whittier Trust Co. increased its position in shares of Amphenol by 3,390.3% during the third quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after acquiring an additional 86,792 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Amphenol by 1.3% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 268,024 shares of the electronics maker’s stock worth $22,685,000 after acquiring an additional 3,402 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Amphenol during the third quarter worth approximately $13,263,000. 96.55% of the stock is currently owned by institutional investors and hedge funds.
Amphenol 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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