Analysts Set Amphenol Co. (NYSE:APH) Price Target at $80.68

Shares of Amphenol Co. (NYSE:APH) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $80.68.

A number of brokerages have weighed in on APH. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th.

Institutional Trading of Amphenol

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Amphenol by 23.1% during the first quarter. Versant Capital Management Inc now owns 2,007 shares of the electronics maker’s stock worth $132,000 after purchasing an additional 377 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Amphenol by 24.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 9,267 shares of the electronics maker’s stock valued at $608,000 after acquiring an additional 1,797 shares in the last quarter. 111 Capital purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $2,102,000. NorthCrest Asset Manangement LLC lifted its holdings in Amphenol by 0.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 276,047 shares of the electronics maker’s stock worth $19,171,000 after acquiring an additional 1,932 shares during the period. Finally, TFR Capital LLC. bought a new position in Amphenol in the 4th quarter valued at $218,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 5.6 %

Shares of APH stock opened at $59.14 on Friday. Amphenol has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $71.67 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.92 and a beta of 1.17. The stock has a 50-day moving average of $66.77 and a 200-day moving average of $68.81.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business earned $0.82 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.55%.

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.