Amphenol (NYSE:APH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Amphenol's stock rating has been upgraded by Wall Street Zen from "buy" to "strong-buy," indicating increased confidence from analysts.
• Recent earnings results show Amphenol reported $0.81 earnings per share, exceeding estimates by $0.15 and demonstrating a year-over-year revenue growth of 56.5%.
• Several analysts have raised their price targets for Amphenol, with prices now ranging from $85.00 to $126.00, reflecting a consensus "Moderate Buy" rating.

Amphenol (NYSE:APH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

A number of other research analysts have also issued reports on the stock. Robert W. Baird upped their price target on shares of Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Truist Financial upped their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Evercore ISI increased their price objective on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Fox Advisors upgraded 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. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Stock Performance

Shares of APH opened at $104.29 on Friday. Amphenol has a 12 month low of $54.77 and a 12 month high of $108.85. The stock has a fifty day moving average price of $96.99 and a 200-day moving average price of $79.62. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The firm has a market cap of $127.33 billion, a PE ratio of 41.55, a P/E/G ratio of 1.78 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the company earned $0.44 earnings per share. The company's quarterly revenue was up 56.5% on a year-over-year basis. Equities research analysts predict that Amphenol will post 2.36 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction 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 completion of the transaction, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Luc Walter sold 286,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the sale, the insider directly owned 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock worth $52,935,980 over the last 90 days. Company insiders own 1.67% of the company's stock.

Hedge Funds Weigh In On Amphenol

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of Amphenol by 294.0% in the fourth 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 buying an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Amphenol by 196.3% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Amphenol in the first quarter valued at about $476,842,000. 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.

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