Erste Group Bank Initiates Coverage on Amphenol (NYSE:APH)

Key Points

• Erste Group Bank initiated coverage of Amphenol with a “buy” rating. The broader analyst consensus is “Moderate Buy,” with 16 Buy, one Strong Buy and two Hold ratings, and an average price target of $98.56.
• Amphenol reported quarterly EPS of $0.68 versus the $0.60 estimate, while revenue reached $8.76 billion and increased 55% year over year. Shares opened at $79.29, with a one-year range of $59.01 to $89.93.
• Insiders have recently sold substantial amounts of stock: the CEO and CFO sold a combined $113.1 million in shares, while insiders sold approximately $172.3 million over the past 90 days. Institutional investors own 97.01% of the company.

Stock analysts at Erste Group Bank initiated coverage on shares of Amphenol (NYSE:APH - Get Free Report) in a research report issued to clients and investors on Wednesday, Briefing.com reports. The brokerage set a "buy" rating on the electronics maker's stock.

Several other research analysts have also recently commented on APH. Wolfe Research initiated coverage on shares of Amphenol in a report on Wednesday, September 30th. They issued an "outperform" rating and a $105.00 target price for the company. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $100.00 to $107.50 and gave the company an "overweight" rating in a report on Thursday, July 16th. UBS Group restated a "buy" rating and issued a $105.00 price target (up from $99.00) on shares of Amphenol in a research report on Wednesday, October 7th. Finally, Citigroup reaffirmed a "buy" rating and issued a $112.00 price objective (up from $105.00) on shares of Amphenol in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.56.

Amphenol Price Performance

Shares of NYSE:APH opened at $79.29 on Wednesday. Amphenol has a one year low of $59.01 and a one year high of $89.93. The stock has a fifty day moving average of $82.08 and a 200-day moving average of $77.35. The company has a market capitalization of $195.54 billion, a PE ratio of 39.75, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.41 and a current ratio of 1.89.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.08. Amphenol had a return on equity of 39.87% and a net margin of 17.73%. The business had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.26 billion. During the same period in the previous year, the firm posted $0.41 EPS. The company's quarterly revenue was up 55.0% on a year-over-year basis. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. As a group, equities analysts anticipate that Amphenol will post 2.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Craig Lampo sold 386,400 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $83.66, for a total value of $32,324,292.00. Following the transaction, the chief financial officer owned 181,330 shares in the company, valued at $15,169,161.15. This represents a 68.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Norwitt sold 1,000,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $80.78, for a total transaction of $80,785,000.00. Following the completion of the sale, the chief executive officer directly owned 3,855,014 shares of the company's stock, valued at $311,427,305.99. This trade represents a 20.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,098,608 shares of company stock worth $172,316,688. Insiders own 1.42% of the company's stock.

Institutional Investors Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Amphenol by 24.2% in the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker's stock worth $12,107,146,000 after purchasing an additional 13,884,641 shares during the period. Wellington Management Group LLP grew its holdings in shares of Amphenol by 10.5% in the 2nd quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker's stock valued at $2,923,371,000 after buying an additional 1,578,248 shares during the period. Corient Private Wealth LP grew its holdings in shares of Amphenol by 3,010.0% in the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker's stock valued at $2,898,248,000 after buying an additional 15,908,901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Amphenol by 4.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker's stock valued at $1,710,939,000 after buying an additional 416,388 shares in the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of Amphenol in the 2nd quarter valued at $1,600,531,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Company Profile

Amphenol Corporation NYSE: APH is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.

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