Amphenol Corporation (NYSE:APH) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Amphenol Corporation has a consensus rating of "Moderate Buy" from twelve brokerages, with an average 12-month price target of $102.23.
• The company recently reported quarterly earnings of $0.81 EPS, exceeding analysts' expectations, alongside a significant year-over-year revenue increase of 56.5%.
• Amphenol has announced a quarterly dividend of $0.165 per share, with a yield of 0.6%, set to be paid on October 8th.

Shares of Amphenol Corporation (NYSE:APH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twelve analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.2308.

APH has been the topic of several recent analyst reports. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. KGI Securities initiated coverage on Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. UBS Group lifted their price target on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st.

Insider Buying and Selling

In other news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider directly owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 586,000 shares of company stock worth $52,935,980. Corporate insiders own 1.67% of the company's stock.

Institutional Investors Weigh In On Amphenol

Several institutional investors and hedge funds have recently made changes to their positions in APH. Brighton Jones LLC boosted its holdings in Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares in the last quarter. Nicolet Advisory Services LLC lifted its stake in shares of Amphenol by 7.1% in the fourth quarter. Nicolet Advisory Services LLC now owns 5,874 shares of the electronics maker's stock valued at $412,000 after buying an additional 389 shares in the last quarter. World Investment Advisors bought a new position in shares of Amphenol in the fourth quarter valued at $233,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of Amphenol in the fourth quarter valued at $246,000. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

Amphenol stock traded up $4.22 during mid-day trading on Friday, reaching $108.53. 8,990,894 shares of the company were exchanged, compared to its average volume of 9,307,081. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol has a 12 month low of $54.77 and a 12 month high of $108.85. The firm has a market cap of $132.51 billion, a PE ratio of 41.89, a PEG ratio of 1.74 and a beta of 1.13. The company has a fifty day simple moving average of $96.99 and a 200-day simple moving average of $79.75.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business's quarterly revenue was up 56.5% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. As a group, equities research analysts expect that Amphenol will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's payout ratio is 26.29%.

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.