Amphenol (NYSE:APH) Given New $115.00 Price Target at UBS Group

Amphenol (NYSE:APH - Get Free Report) had its price objective upped by research analysts at UBS Group from $106.00 to $115.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the electronics maker's stock. UBS Group's price objective would suggest a potential upside of 16.70% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday. TD Securities upped their price target 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. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. The Goldman Sachs Group upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Citigroup upped their price target on shares of Amphenol from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Friday. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $91.64.

Amphenol Price Performance

Shares of NYSE APH traded down $0.22 during midday trading on Monday, reaching $98.54. The stock had a trading volume of 188,328 shares, compared to its average volume of 7,662,882. The stock has a 50-day moving average of $91.20 and a 200-day moving average of $76.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The company has a market capitalization of $119.19 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. Amphenol has a 12-month low of $54.77 and a 12-month high of $99.99.

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

Insider Buying and Selling at Amphenol

In other news, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer directly owned 100,000 shares of the company's stock, valued at $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by insiders.

Institutional Trading of Amphenol

Several institutional investors and hedge funds have recently made changes to their positions in APH. Brighton Jones LLC grew its stake in shares of Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after buying an additional 9,390 shares during the period. Revolve Wealth Partners LLC raised its stake in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Amphenol by 86.7% in the 4th quarter. Proficio Capital Partners LLC now owns 13,615 shares of the electronics maker's stock worth $946,000 after purchasing an additional 6,322 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Amphenol by 14.1% in the 4th quarter. Great Lakes Advisors LLC now owns 7,196 shares of the electronics maker's stock worth $500,000 after purchasing an additional 890 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Amphenol by 18.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 83,501 shares of the electronics maker's stock valued at $5,799,000 after purchasing an additional 13,270 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

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