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

Amphenol (NYSE:APH - Get Free Report) had its price objective lifted by analysts at Citigroup from $100.00 to $115.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the electronics maker's stock. Citigroup's target price suggests a potential upside of 16.47% from the stock's current price.

APH has been the topic of several other research reports. Evercore ISI upped their target price on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. KGI Securities initiated coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating on the stock. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. The Goldman Sachs Group increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Fox Advisors upgraded 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. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.15.

Amphenol Trading Up 0.4%

Shares of APH stock traded up $0.43 on Friday, hitting $98.74. The company had a trading volume of 6,716,903 shares, compared to its average volume of 7,691,952. The firm has a market cap of $119.44 billion, a P/E ratio of 47.93, a P/E/G ratio of 2.26 and a beta of 1.13. The stock's 50-day moving average is $91.20 and its two-hundred day moving average is $76.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. Amphenol has a twelve month low of $54.77 and a twelve month high of $99.99.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly 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 return on equity of 27.68% and a net margin of 15.58%. The business's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, equities research analysts anticipate that Amphenol will post 2.36 earnings per share for the current fiscal year.

Insider Activity at Amphenol

In related news, 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 transaction of $8,909,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction that occurred on 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 sale, the vice president directly owned 152,412 shares of the company's stock, valued at $13,532,661.48. The trade was a 20.79% 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 valued at $294,839,785 in the last ninety days. Insiders own 1.67% of the company's stock.

Institutional Trading of Amphenol

Institutional investors and hedge funds have recently modified their holdings of the business. Independent Advisor Alliance increased its position in Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker's stock worth $471,000 after buying an additional 122 shares during the last quarter. Forum Financial Management LP increased its position in Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after buying an additional 126 shares during the last quarter. Ironwood Investment Counsel LLC increased its position in Amphenol by 2.9% in the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker's stock worth $307,000 after buying an additional 132 shares during the last quarter. Arlington Trust Co LLC increased its position in Amphenol by 8.5% in the second quarter. Arlington Trust Co LLC now owns 1,716 shares of the electronics maker's stock worth $169,000 after buying an additional 134 shares during the last quarter. Finally, FourThought Financial Partners LLC increased its position in Amphenol by 4.1% in the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock worth $231,000 after buying an additional 139 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other 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.