Amphenol (NYSE:APH) Given New $82.00 Price Target at Citigroup

Amphenol (NYSE:APH) had its price objective lifted by Citigroup from $81.00 to $82.00 in a report published on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the electronics maker’s stock.

Several other brokerages also recently issued reports on APH. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.79.

Amphenol Price Performance

Amphenol stock opened at $69.44 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $71.91 and its 200 day simple moving average is $67.73. Amphenol has a 52 week low of $47.76 and a 52 week high of $75.78. The firm has a market capitalization of $83.71 billion, a PE ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the company posted $0.39 EPS. The company’s revenue was up 26.3% on a year-over-year basis. On average, equities research analysts predict that Amphenol will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last three months. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amphenol

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. lifted its position in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after buying an additional 19,496 shares during the period. LMR Partners LLP lifted its holdings in Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after buying an additional 223,784 shares in the last quarter. Whalen Wealth Management Inc. purchased a new position in Amphenol in the 3rd quarter valued at about $484,000. Finally, Czech National Bank grew its stake in shares of Amphenol by 7.2% during the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after acquiring an additional 16,425 shares in the last quarter. 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.