Robert W. Baird Forecasts Strong Price Appreciation for Amphenol (NYSE:APH) Stock

Amphenol (NYSE:APH - Get Free Report) had its target price raised by research analysts at Robert W. Baird from $113.00 to $118.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the electronics maker's stock. Robert W. Baird's price target would suggest a potential upside of 12.42% from the stock's previous close.

APH has been the topic of a number of other reports. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research note on Friday, July 11th. TD Securities increased their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Evercore ISI increased their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Citigroup raised their price target on shares of Amphenol from $100.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Stock Performance

Shares of Amphenol stock traded up $0.50 during trading on Thursday, reaching $104.96. The company's stock had a trading volume of 7,303,018 shares, compared to its average volume of 8,704,418. The company has a 50-day moving average price of $95.00 and a two-hundred day moving average price of $78.41. The firm has a market cap of $126.96 billion, a PE ratio of 41.82, a P/E/G ratio of 2.05 and a beta of 1.13. Amphenol has a fifty-two week low of $54.77 and a fifty-two week high of $108.85. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. On average, analysts forecast that Amphenol will post 2.36 EPS for the current year.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider directly owned 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 799,500 shares of company stock worth $70,053,885. Insiders own 1.67% of the company's stock.

Institutional Investors Weigh In On Amphenol

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares during the last quarter. LPL Financial LLC lifted its holdings in Amphenol by 16.7% in the 4th quarter. LPL Financial LLC now owns 681,720 shares of the electronics maker's stock worth $47,345,000 after purchasing an additional 97,545 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Amphenol in the 4th quarter worth approximately $287,000. Finally, Modern Wealth Management LLC acquired a new stake in Amphenol in the 4th quarter worth approximately $1,225,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.