Amphenol Corporation (NYSE:APH) Given Average Rating of "Moderate Buy" by Brokerages

Amphenol Corporation (NYSE:APH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $88.00.

A number of research analysts have commented on the stock. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Robert W. Baird lifted their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Finally, Evercore ISI upped their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider directly owned 447,790 shares in the company, valued at $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last ninety days. Company insiders own 1.67% of the company's stock.

Institutional Trading of Amphenol

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock valued at $10,166,370,000 after buying an additional 2,870,933 shares during the period. FMR LLC grew its position in shares of Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. Geode Capital Management LLC grew its holdings in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after buying an additional 659,560 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of APH traded up $0.82 on Tuesday, reaching $98.23. The company's stock had a trading volume of 6,244,543 shares, compared to its average volume of 7,673,387. The stock's 50 day simple moving average is $90.02 and its two-hundred day simple moving average is $75.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol has a 12-month low of $54.77 and a 12-month high of $99.99. The stock has a market capitalization of $118.82 billion, a P/E ratio of 47.68, a PEG ratio of 2.22 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the prior year, the firm earned $0.40 EPS. The company's revenue for the quarter was up 47.7% on a year-over-year basis. Research analysts forecast that Amphenol will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.

Amphenol Company Profile

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.