Amphenol’s (APH) “Buy” Rating Reaffirmed at Cowen

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.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts predict that Amphenol will post 3.21 earnings per share for the current fiscal year.

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.

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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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