Bank of America Upgrades Amphenol (NYSE:APH) to "Buy"

Key Points

• Bank of America has upgraded Amphenol's stock from a "neutral" rating to a "buy" rating, raising its price target from $120.00 to $150.00, indicating a potential upside of 22.21% from the current price.
• Amphenol's recent quarterly earnings report revealed $0.81 EPS, surpassing analyst estimates by $0.15, with revenue increasing by 56.5% compared to the previous year's quarter.
• According to MarketBeat.com, Amphenol has an average rating of "Moderate Buy" with a consensus target price of $116.57, with ten analysts rating it a Buy and four holding.

Amphenol (NYSE:APH - Get Free Report) was upgraded by investment analysts at Bank of America from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage currently has a $150.00 price objective on the electronics maker's stock, up from their previous price objective of $120.00. Bank of America's price target would indicate a potential upside of 22.21% from the company's current price.

Other equities analysts have also issued reports about the stock. Barclays initiated coverage on shares of Amphenol in a report on Wednesday, October 8th. They issued an "equal weight" rating and a $120.00 target price on the stock. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Truist Financial boosted their price target on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Evercore ISI lifted their price objective on shares of Amphenol from $120.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, October 7th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $116.57.

Amphenol Stock Performance

NYSE APH opened at $122.74 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $149.86 billion, a P/E ratio of 48.90, a P/E/G ratio of 1.99 and a beta of 1.17. Amphenol has a 12-month low of $56.45 and a 12-month high of $127.50. The firm has a 50-day moving average price of $116.38 and a two-hundred day moving average price of $97.07.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Analysts anticipate that Amphenol will post 2.36 earnings per share for the current year.

Insider Activity at Amphenol

In related news, VP Lance E. D'amico sold 100,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, the vice president owned 76,400 shares in the company, valued at approximately $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock worth $73,369,357 in the last ninety days. Corporate insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Amphenol by 8.4% in the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker's stock worth $2,804,338,000 after buying an additional 2,217,079 shares during the period. Norges Bank purchased a new position in shares of Amphenol in the second quarter worth $2,104,244,000. T. Rowe Price Investment Management Inc. increased 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 buying an additional 11,092,282 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Amphenol by 13.4% in the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker's stock worth $1,239,017,000 after buying an additional 1,486,105 shares during the period. 97.01% of the stock is owned by hedge funds and other 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.

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