Amphenol (NYSE:APH) Price Target Increased to $136.00 by Analysts at Truist Financial

Amphenol (NYSE:APH - Free Report) had its price target upped by Truist Financial from $121.00 to $136.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the electronics maker's stock.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group assumed coverage on Amphenol in a research note on Tuesday, April 9th. They set a hold rating and a $125.00 price objective on the stock. Stifel Nicolaus raised their price objective on Amphenol from $88.00 to $95.00 and gave the stock a hold rating in a research note on Thursday, January 25th. Bank of America raised their price objective on Amphenol from $121.00 to $124.00 and gave the stock a buy rating in a research note on Thursday. Citigroup increased their target price on Amphenol from $117.00 to $135.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group increased their target price on Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $118.83.

Amphenol Stock Up 2.3 %

Shares of Amphenol stock traded up $2.69 on Thursday, hitting $119.00. 4,254,558 shares of the company's stock traded hands, compared to its average volume of 2,871,129. The stock has a market cap of $71.59 billion, a P/E ratio of 38.26, a PEG ratio of 3.06 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 firm's 50-day moving average is $111.74 and its 200 day moving average is $99.44. Amphenol has a 52-week low of $72.00 and a 52-week high of $119.59.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.10 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. Equities analysts anticipate that Amphenol will post 3.28 earnings per share for the current year.

Amphenol declared that its board has initiated a share repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol's payout ratio is currently 28.30%.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was 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 sold 305,000 shares of company stock worth $31,846,050 in the last quarter. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amphenol

Several institutional investors have recently made changes to their positions in APH. Louisiana State Employees Retirement System bought a new position in shares of Amphenol in the 4th quarter valued at approximately $3,589,000. West Coast Financial LLC raised its stake in shares of Amphenol by 65.0% in the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker's stock valued at $12,779,000 after acquiring an additional 50,778 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Amphenol by 63.4% in the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker's stock valued at $3,793,000 after acquiring an additional 14,843 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Amphenol in the 4th quarter valued at approximately $2,875,000. Finally, Fortune Financial Advisors LLC bought a new position in shares of Amphenol in the 4th quarter valued at approximately $1,071,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Amphenol

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.