Truist Financial Issues Positive Forecast for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH - Free Report) had its price objective boosted by Truist Financial from $102.00 to $126.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the electronics maker's stock.

Other equities analysts have also issued research reports about the company. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a report on Friday, July 11th. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, UBS Group restated a "buy" rating and set a $115.00 price objective (up previously from $106.00) on shares of Amphenol in a research report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $102.23.

Amphenol Stock Performance

Shares of APH traded up $0.50 on Thursday, reaching $104.96. 7,303,018 shares of the stock traded hands, compared to its average volume of 8,704,418. The stock's 50-day moving average price is $95.00 and its 200-day moving average price is $78.41. Amphenol has a 12 month low of $54.77 and a 12 month high of $108.85. The firm has a market cap of $126.96 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.36.

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

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.63%. Amphenol's payout ratio is currently 26.29%.

Insider Transactions at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the transaction, the vice president owned 152,412 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 799,500 shares of company stock worth $70,053,885 in the last three months. Insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares during the last quarter. FMR LLC raised its stake 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 worth $7,240,202,000 after purchasing an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amphenol by 36.8% in 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 purchasing an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after purchasing an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE raised its stake 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 purchasing an additional 18,619,417 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

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.