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

Amphenol (NYSE:APH - Free Report) had its target price upped by Citigroup from $85.00 to $100.00 in a report released on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the electronics maker's stock.

APH has been the subject of several other reports. JPMorgan Chase & Co. lifted their price target 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 raised their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, UBS Group reissued a "buy" rating and issued a $85.00 price target (up from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $82.77.

Amphenol Stock Performance

Shares of APH stock traded up $0.75 during trading on Tuesday, hitting $88.88. The company's stock had a trading volume of 7,740,131 shares, compared to its average volume of 7,472,589. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a market cap of $107.51 billion, a PE ratio of 46.41, a P/E/G ratio of 1.92 and a beta of 1.10. The business has a fifty day moving average of $74.31 and a 200-day moving average of $71.41. Amphenol has a 52 week low of $54.77 and a 52 week high of $91.08.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The company's quarterly revenue was up 47.7% on a year-over-year basis. As a group, research analysts anticipate that Amphenol will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Amphenol during the fourth quarter valued at $1,378,794,000. Bank of America Corp DE lifted its stake in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake 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 acquiring an additional 11,092,282 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Amphenol by 639.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker's stock valued at $574,500,000 after purchasing an additional 7,573,750 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

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.