Wall Street Zen Downgrades Amphenol (NYSE:APH) to Hold

Amphenol (NYSE:APH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. TD Securities raised their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Evercore ISI raised their target price on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Finally, Citigroup raised their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.00.

Amphenol Trading Down 2.3%

NYSE:APH opened at $92.38 on Friday. The company's 50 day moving average price is $80.32 and its 200-day moving average price is $72.94. Amphenol has a 52 week low of $54.77 and a 52 week high of $94.83. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock has a market cap of $111.75 billion, a price-to-earnings ratio of 48.24, a PEG ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business's revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts forecast that Amphenol will post 2.36 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president now owns 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last three months. Company 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 stock. Hughes Financial Services LLC bought a new stake in Amphenol in the 1st quarter valued at $25,000. Tacita Capital Inc increased its holdings in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Avalon Trust Co increased its holdings in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Sierra Ocean LLC bought a new stake in Amphenol in the 4th quarter valued at $28,000. Finally, Rialto Wealth Management LLC bought a new stake in Amphenol in the 4th quarter valued at $28,000. 97.01% of the stock is currently owned by 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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