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

Amphenol (NYSE:APH - Get Free Report) had its target price increased by research analysts at Evercore ISI from $88.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the electronics maker's stock. Evercore ISI's price target suggests a potential upside of 13.55% from the stock's previous close.

APH has been the subject of a number of other research reports. Fox Advisors raised 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. The Goldman Sachs Group increased their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Finally, Citigroup raised their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.31.

Amphenol Price Performance

Shares of NYSE APH traded up $0.56 during midday trading on Thursday, hitting $92.47. 8,686,187 shares of the company's stock were exchanged, compared to its average volume of 7,480,420. Amphenol has a 12-month low of $54.77 and a 12-month high of $93.33. 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 $111.85 billion, a price-to-earnings ratio of 48.29, a PEG ratio of 1.92 and a beta of 1.10. The business's fifty day moving average price is $76.68 and its two-hundred day moving average price is $72.09.

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

Insider Activity

In related news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated 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 completion of the sale, the vice president now directly owns 152,412 shares in the company, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Walter sold 390,000 shares of Amphenol 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 completion of the sale, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 over the last three months. 1.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Large investors have recently bought and sold shares of the business. Independent Advisor Alliance boosted 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 purchasing an additional 122 shares during the last quarter. Forum Financial Management LP boosted 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 purchasing an additional 126 shares during the last quarter. Ironwood Investment Counsel LLC boosted 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 purchasing an additional 132 shares during the last quarter. FourThought Financial Partners LLC boosted 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 purchasing an additional 139 shares during the last quarter. Finally, Gallacher Capital Management LLC boosted its position in Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after purchasing an additional 142 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.