The Goldman Sachs Group Raises Amphenol (NYSE:APH) Price Target to $102.00

Amphenol (NYSE:APH - Get Free Report) had its price objective increased by analysts at The Goldman Sachs Group from $90.00 to $102.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the electronics maker's stock. The Goldman Sachs Group's price target suggests a potential upside of 9.68% from the company's current price.

APH has been the subject of several other research reports. UBS Group raised their price objective on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup raised their price objective on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Stock Performance

Shares of APH stock traded up $0.51 during mid-day trading on Tuesday, hitting $93.00. The stock had a trading volume of 7,601,462 shares, compared to its average volume of 7,508,368. Amphenol has a fifty-two week low of $54.77 and a fifty-two week high of $94.11. The firm has a market cap of $112.49 billion, a PE ratio of 48.56, a PEG ratio of 1.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company's 50-day simple moving average is $79.00 and its 200-day simple moving average is $72.66.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter last year, the business earned $0.40 EPS. The business's revenue was up 47.7% on a year-over-year basis. Sell-side analysts anticipate that Amphenol will post 2.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 390,000 shares of the company'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 sale, the insider now directly owns 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. 1.67% of the stock is owned by company insiders.

Institutional Trading of Amphenol

Institutional investors have recently added to or reduced their stakes in the stock. First Long Island Investors LLC raised its holdings in shares of Amphenol by 4,120.7% during the first quarter. First Long Island Investors LLC now owns 250,960 shares of the electronics maker's stock worth $16,460,000 after purchasing an additional 245,014 shares during the period. eCIO Inc. bought a new position in shares of Amphenol during the first quarter worth about $110,000. CBIZ Investment Advisory Services LLC grew its position in shares of Amphenol by 13.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 1,324 shares of the electronics maker's stock worth $87,000 after acquiring an additional 160 shares during the last quarter. Modern Wealth Management LLC grew its position in shares of Amphenol by 6.2% during the first quarter. Modern Wealth Management LLC now owns 18,012 shares of the electronics maker's stock worth $1,181,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Amphenol during the first quarter worth about $23,794,000. 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.