Amphenol (NYSE:APH) Price Target Raised to $110.00 at Evercore ISI

Amphenol (NYSE:APH - Get Free Report) had its target price boosted by investment analysts at Evercore ISI from $105.00 to $110.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the electronics maker's stock. Evercore ISI's price target would indicate a potential upside of 6.41% from the company's current price.

Several other research firms also recently weighed in on APH. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Citigroup boosted their price objective on Amphenol from $100.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Industrial Alliance Securities set a $115.00 price objective on Amphenol in a report on Friday, July 11th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and a consensus price target of $94.07.

Amphenol Stock Up 1.4%

NYSE APH traded up $1.41 on Friday, reaching $103.37. 6,319,433 shares of the stock traded hands, compared to its average volume of 7,641,660. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The company has a fifty day moving average price of $93.26 and a 200-day moving average price of $77.33. The company has a market cap of $125.04 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 2.35 and a beta of 1.13. Amphenol has a 12 month low of $54.77 and a 12 month high of $103.70.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $0.40 EPS. The business's revenue was up 47.7% compared to the same quarter last year. As a group, research analysts forecast that Amphenol will post 2.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 390,000 shares of the business's stock in a transaction on 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 transaction, the insider directly owned 447,790 shares in the company, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer owned 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. 1.67% of the stock is currently owned by insiders.

Institutional Trading of Amphenol

A number of institutional investors have recently added to or reduced their stakes in APH. EWA LLC boosted its position in Amphenol by 2.3% in the 2nd quarter. EWA LLC now owns 5,200 shares of the electronics maker's stock valued at $514,000 after buying an additional 115 shares during the last quarter. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $12,176,000. Consolidated Planning Corp raised its stake in shares of Amphenol by 9.7% in the 2nd quarter. Consolidated Planning Corp now owns 46,702 shares of the electronics maker's stock valued at $4,612,000 after purchasing an additional 4,111 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $966,000. Finally, Parkwoods Wealth Partners LLC acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $206,000. 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.