Amphenol (NYSE:APH)‘s stock had its “equal weight” rating restated by research analysts at Morgan Stanley in a research note issued to investors on Wednesday. They presently have a $85.00 target price on the electronics maker’s stock. Morgan Stanley’s price target points to a potential downside of 4.74% from the stock’s current price.
A number of other research analysts have also weighed in on APH. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Royal Bank of Canada reissued a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol in a research report on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Amphenol presently has a consensus rating of “Buy” and an average target price of $87.90.
Amphenol (NYSE APH) traded down $0.27 on Wednesday, hitting $89.23. 867,100 shares of the company were exchanged, compared to its average volume of 1,145,890. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. Amphenol has a one year low of $66.00 and a one year high of $91.26. The company has a market capitalization of $27,327.85, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.52 and a beta of 0.81.
Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm earned $0.73 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. analysts predict that Amphenol will post 3.21 earnings per share for the current year.
In other Amphenol news, CEO Richard Adam Norwitt sold 220,000 shares of Amphenol stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total value of $18,942,000.00. Following the sale, the chief executive officer now owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 10,000 shares of Amphenol stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $89.51, for a total transaction of $895,100.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares in the company, valued at approximately $3,132,850. The disclosure for this sale can be found here. In the last ninety days, insiders sold 849,000 shares of company stock worth $75,518,690. Insiders own 2.51% of the company’s stock.
A number of hedge funds have recently made changes to their positions in APH. People s United Financial Inc. raised its position in shares of Amphenol by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after purchasing an additional 95 shares during the period. Comerica Securities Inc. raised its position in shares of Amphenol by 6.2% in the second quarter. Comerica Securities Inc. now owns 4,213 shares of the electronics maker’s stock valued at $312,000 after purchasing an additional 245 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Amphenol by 3.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,949 shares of the electronics maker’s stock valued at $513,000 after purchasing an additional 263 shares during the period. Riverhead Capital Management LLC raised its position in shares of Amphenol by 1.6% in the second quarter. Riverhead Capital Management LLC now owns 19,538 shares of the electronics maker’s stock valued at $1,442,000 after purchasing an additional 308 shares during the period. Finally, Alps Advisors Inc. raised its position in shares of Amphenol by 4.2% in the second quarter. Alps Advisors Inc. now owns 8,540 shares of the electronics maker’s stock valued at $630,000 after purchasing an additional 346 shares during the period. 96.67% of the stock is currently owned by institutional investors and hedge funds.
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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