Amphenol (NYSE:APH) Price Target Increased to $135.00 by Analysts at UBS Group

Amphenol (NYSE:APH - Get Free Report) had its target price boosted by investment analysts at UBS Group from $118.00 to $135.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the electronics maker's stock. UBS Group's target price indicates a potential upside of 19.91% from the stock's previous close.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group assumed coverage on Amphenol in a research report on Tuesday, April 9th. They set a "hold" rating and a $125.00 price objective on the stock. Robert W. Baird upped their price target on shares of Amphenol from $100.00 to $106.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Citigroup raised their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, April 4th. Evercore ISI upped their target price on shares of Amphenol from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. raised their price target on Amphenol from $118.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

Amphenol Stock Performance

Shares of Amphenol stock traded up $0.19 during trading hours on Tuesday, reaching $112.58. 3,907,969 shares of the stock traded hands, compared to its average volume of 2,741,509. Amphenol has a one year low of $72.00 and a one year high of $119.59. The firm has a market capitalization of $67.72 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 3.23 and a beta of 1.30. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $110.31 and a 200 day moving average price of $97.96.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter last year, the company posted $0.78 EPS. The company's revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Amphenol will post 3.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 170,000 shares of the company's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 in the last quarter. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amphenol

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Vanguard Group Inc. lifted its stake in Amphenol by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker's stock worth $7,250,181,000 after purchasing an additional 965,951 shares during the last quarter. FMR LLC raised its position in Amphenol by 1.3% during the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker's stock valued at $4,661,480,000 after purchasing an additional 691,964 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amphenol by 39.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker's stock worth $2,899,059,000 after buying an additional 8,340,759 shares during the period. State Street Corp grew its position in shares of Amphenol by 2.4% during the 1st quarter. State Street Corp now owns 24,794,281 shares of the electronics maker's stock worth $2,031,342,000 after buying an additional 582,081 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker's stock valued at $1,283,360,000 after buying an additional 653,354 shares during the period. 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.