Amphenol (NYSE:APH) Price Target Raised to $160.00

Key Points

• Citigroup has raised its price target for Amphenol from $145.00 to $160.00, indicating a potential upside of 24.08% from the stock's previous close.
• Amphenol reported a quarterly EPS of $0.93, exceeding analysts' expectations and reflecting a 53.4% increase in revenue compared to the same quarter last year.
• Ten investment analysts have assigned a Buy rating to Amphenol's stock, contributing to a consensus rating of Moderate Buy with an average price target of $119.07.

Amphenol (NYSE:APH - Get Free Report) had its price target upped by equities researchers at Citigroup from $145.00 to $160.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the electronics maker's stock. Citigroup's price target indicates a potential upside of 24.08% from the stock's previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their target price on Amphenol from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, October 16th. Wall Street Zen cut shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Evercore ISI raised their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 7th. UBS Group set a $120.00 price target on shares of Amphenol in a report on Tuesday, October 7th. Finally, Barclays started coverage on shares of Amphenol in a report on Wednesday, October 8th. They set an "equal weight" rating and a $120.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $119.07.

Amphenol Price Performance

Shares of Amphenol stock opened at $128.95 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The firm's 50-day simple moving average is $118.40 and its 200-day simple moving average is $99.42. Amphenol has a twelve month low of $56.45 and a twelve month high of $135.94. The firm has a market cap of $157.44 billion, a P/E ratio of 51.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The company's revenue for the quarter was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, research analysts expect that Amphenol will post 2.36 EPS for the current fiscal year.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 100,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, the vice president owned 76,400 shares in the company, valued at $8,449,840. This trade represents a 56.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 665,924 shares of company stock valued at $73,369,357. Corporate insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock valued at $10,166,370,000 after acquiring an additional 2,870,933 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Amphenol by 8.4% in the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker's stock worth $2,804,338,000 after purchasing an additional 2,217,079 shares during the last quarter. Norges Bank bought a new position in shares of Amphenol in the second quarter worth approximately $2,104,244,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock worth $1,098,190,000 after purchasing an additional 11,092,282 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Amphenol by 13.4% in the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker's stock worth $1,239,017,000 after purchasing an additional 1,486,105 shares during the last quarter. 97.01% of the stock is currently owned by 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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