Amphenol (NYSE:APH) Stock Price Expected to Rise, UBS Group Analyst Says

Amphenol (NYSE:APH - Get Free Report) had its price objective upped by equities researchers at UBS Group from $85.00 to $106.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the electronics maker's stock. UBS Group's price objective would indicate a potential upside of 18.08% from the stock's previous close.

A number of other research firms also recently weighed in on APH. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Citigroup lifted their target price on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.38.

Amphenol Stock Performance

Shares of APH traded up $0.85 during midday trading on Friday, reaching $89.77. 21,458,563 shares of the stock were exchanged, compared to its average volume of 7,493,509. Amphenol has a twelve month low of $54.77 and a twelve month high of $89.98. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market cap of $108.59 billion, a P/E ratio of 46.88, a PEG ratio of 1.92 and a beta of 1.10. The stock's 50 day simple moving average is $74.71 and its 200 day simple moving average is $71.52.

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, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The company's revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts expect that Amphenol will post 2.36 earnings per share for the current year.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,218,500 shares of company stock valued at $245,455,405. 1.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Amphenol

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the first quarter worth about $25,000. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Avalon Trust Co grew its holdings in shares of Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol during the fourth quarter worth about $28,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the fourth quarter worth about $28,000. 97.01% of the stock is currently owned by institutional investors.

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.