UBS Group Boosts Amphenol (NYSE:APH) Price Target to $80.00

Amphenol (NYSE:APH) had its price target upped by analysts at UBS Group from $69.00 to $80.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. UBS Group’s price objective would suggest a potential upside of 15.06% from the stock’s current price.

A number of other equities analysts also recently commented on APH. Evercore ISI restated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Seaport Res Ptn upgraded shares of Amphenol to a “strong-buy” rating in a report on Monday, May 20th. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Citigroup lifted their target price on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Bank of America raised their price target on Amphenol from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Amphenol Stock Down 0.7 %

APH opened at $69.53 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $66.82 and its 200-day moving average price is $58.20. The company has a market cap of $83.52 billion, a P/E ratio of 42.53, a P/E/G ratio of 3.17 and a beta of 1.25. Amphenol has a 12 month low of $39.34 and a 12 month high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. On average, equities analysts expect that Amphenol will post 1.69 EPS for the current year.

Amphenol announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 230,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the completion of the transaction, the insider now owns 397,280 shares in the company, valued at approximately $26,844,209.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amphenol

Institutional investors and hedge funds have recently made changes to their positions in the business. Frazier Financial Advisors LLC bought a new position in shares of Amphenol in the 4th quarter valued at about $29,000. Albion Financial Group UT boosted its holdings in shares of Amphenol by 100.0% in the 2nd quarter. Albion Financial Group UT now owns 468 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Mendota Financial Group LLC bought a new position in shares of Amphenol during the 4th quarter valued at approximately $33,000. Venturi Wealth Management LLC increased its position in shares of Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after buying an additional 138 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Amphenol

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.