Amphenol (NYSE:APH) Earns Hold Rating from Analysts at Vertical Research

Vertical Research started coverage on shares of Amphenol (NYSE:APH) in a report published on Tuesday morning, Marketbeat reports. The firm issued a hold rating and a $65.00 price objective on the electronics maker’s stock.

APH has been the subject of several other research reports. Truist Financial raised their price target on shares of Amphenol from $68.00 to $74.50 and gave the company a buy rating in a research report on Friday, May 24th. TD Cowen lifted their price objective on shares of Amphenol from $45.00 to $57.50 and gave the stock a hold rating in a research report on Thursday, June 6th. Seaport Res Ptn raised shares of Amphenol to a strong-buy rating in a research report on Monday, May 20th. Jefferies Financial Group started coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a hold rating and a $62.50 price objective for the company. Finally, Stifel Nicolaus reaffirmed a hold rating on shares of Amphenol in a research report on Thursday, June 13th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $65.35.

Amphenol Stock Down 0.4 %

Shares of NYSE APH opened at $61.76 on Tuesday. The company has a 50 day simple moving average of $67.30 and a 200-day simple moving average of $59.39. The company has a market capitalization of $74.19 billion, a P/E ratio of 37.77, a P/E/G ratio of 3.09 and a beta of 1.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. Amphenol has a 1 year low of $39.34 and a 1 year high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts predict that Amphenol will post 1.69 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Luc Walter sold 230,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total value of $15,541,100.00. Following the completion of the transaction, the insider now directly owns 397,280 shares in the company, valued at $26,844,209.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. raised its holdings in shares of Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after purchasing an additional 80 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Amphenol by 1.7% during the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 81 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Amphenol by 2.0% during the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock worth $490,000 after purchasing an additional 85 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Amphenol by 1.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 88 shares during the period. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after purchasing an additional 89 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

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.