Truist Financial Raises Amphenol (NYSE:APH) Price Target to $147.00

Key Points

• Truist Financial has raised its price target for Amphenol from $126.00 to $147.00, indicating a potential upside of 9.19% from its current price.
• The stock has received several positive ratings from analysts, with a consensus rating of "Moderate Buy" and multiple firms adjusting their target prices significantly higher.
• Amphenol's recent earnings report showed a profit of $0.93 per share, exceeding expectations, and a year-over-year revenue increase of 53.4%, totaling $6.19 billion for the quarter.

Amphenol (NYSE:APH - Get Free Report) had its target price hoisted by analysts at Truist Financial from $126.00 to $147.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the electronics maker's stock. Truist Financial's target price points to a potential upside of 9.19% from the company's current price.

APH has been the topic of several other reports. Evercore ISI lifted their target price on Amphenol from $120.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Citigroup lifted their target price on Amphenol from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday. Industrial Alliance Securities set a $115.00 target price on Amphenol in a report on Friday, July 11th. Bank of America upgraded Amphenol from a "neutral" rating to a "buy" rating and boosted their price target for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Amphenol in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.93.

Amphenol Trading Up 4.4%

Shares of Amphenol stock traded up $5.69 during trading on Thursday, reaching $134.62. 4,779,718 shares of the company were exchanged, compared to its average volume of 8,449,964. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol has a twelve month low of $56.45 and a twelve month high of $135.93. The business has a 50-day moving average price of $118.40 and a 200-day moving average price of $99.42. The firm has a market capitalization of $164.36 billion, a price-to-earnings ratio of 53.57, a P/E/G ratio of 1.63 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company's revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Sell-side analysts anticipate that Amphenol will post 2.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 40,076 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the sale, the chief financial officer owned 39,884 shares in the company, valued at approximately $4,409,575.04. This represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 665,924 shares of company stock worth $73,369,357. Insiders own 1.67% of the company's stock.

Institutional Trading of Amphenol

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. lifted its stake in shares of Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 90 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of Amphenol by 19.2% in the 2nd quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker's stock valued at $58,000 after purchasing an additional 95 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Amphenol by 9.4% in the 2nd quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker's stock valued at $113,000 after purchasing an additional 98 shares during the period. Tranquility Partners LLC lifted its stake in shares of Amphenol by 0.8% in the 2nd quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker's stock valued at $1,322,000 after purchasing an additional 107 shares during the period. Finally, Cox Capital Mgt LLC lifted its stake in shares of Amphenol by 0.3% in the 3rd quarter. Cox Capital Mgt LLC now owns 32,327 shares of the electronics maker's stock valued at $4,000,000 after purchasing an additional 110 shares during the period. Institutional investors own 97.01% of the company's stock.

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.

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