Amphenol (NYSE:APH) Price Target Raised to $110.00

Amphenol (NYSE:APH) had its target price raised by BNP Paribas Exane from $107.50 to $110.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

APH has been the subject of a number of other reports. UBS Group reissued a “buy” rating and set a $98.50 price target (up from $92.50) on shares of Amphenol in a research report on Thursday, July 30th. Zacks Research raised shares of Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of Amphenol in a research note on Monday, September 14th. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $100.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $96.34.

Amphenol Stock Performance

Shares of APH stock opened at $83.18 on Tuesday. The business has a fifty day moving average of $80.40 and a 200 day moving average of $74.86. Amphenol has a 1 year low of $59.01 and a 1 year high of $89.26. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.41. The firm has a market capitalization of $205.13 billion, a price-to-earnings ratio of 41.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 29th. The electronics maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. Amphenol had a return on equity of 39.87% and a net margin of 17.73%.The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 55.0% compared to the same quarter last year. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. As a group, research analysts expect that Amphenol will post 2.66 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 22nd. Amphenol’s payout ratio is 25.00%.

Insider Activity

In related news, EVP Lance D’Amico sold 100,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $81.00, for a total transaction of $8,099,500.00. Following the sale, the executive vice president directly owned 114,130 shares of the company’s stock, valued at approximately $9,243,959.35. This represents a 46.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard Norwitt sold 372,208 shares of Amphenol stock in a transaction on Friday, July 31st. The shares were sold at an average price of $81.14, for a total transaction of $30,199,096.08. Following the completion of the transaction, the chief executive officer directly owned 1,728,354 shares of the company’s stock, valued at $140,230,001.79. The trade was a 17.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,098,608 shares of company stock valued at $172,316,688. 1.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amphenol

Institutional investors and hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. grew its holdings in Amphenol by 28.4% in the second quarter. QRG Capital Management Inc. now owns 451,146 shares of the electronics maker’s stock valued at $75,779,000 after purchasing an additional 99,883 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Amphenol by 78.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 265,689 shares of the electronics maker’s stock worth $42,730,000 after buying an additional 116,996 shares during the period. State Street Corp lifted its position in shares of Amphenol by 24.2% during the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after buying an additional 13,884,641 shares in the last quarter. Altar Rock LLC acquired a new stake in Amphenol in the 2nd quarter valued at $551,000. Finally, Security National Bank of SO Dak acquired a new stake in Amphenol in the 2nd quarter valued at $151,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Amphenol

Amphenol Corporation (NYSE: APH) is a global manufacturer of interconnect, sensor and antenna solutions. Its products enable the transmission of power, data and signals in electronic and electrical systems, including connectors, cable assemblies, backplanes, antennas, sensors and related components.

The company serves a broad range of markets, including aerospace and defense, automotive, information technology and data communications, industrial equipment, mobile networks, medical devices, and consumer electronics.