Barclays Forecasts Strong Price Appreciation for Amphenol (NYSE:APH) Stock

Amphenol (NYSE:APH) had its target price lifted by Barclays from $100.00 to $111.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the electronics maker’s stock. Barclays‘s target price would indicate a potential upside of 38.68% from the stock’s current price.

Several other analysts also recently issued reports on the company. Evercore set a $100.00 price objective on Amphenol in a report on Wednesday, October 28th. Royal Bank Of Canada set a $100.00 target price on shares of Amphenol in a research report on Monday, October 26th. Bank of America upped their price target on shares of Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Erste Group Bank initiated coverage on shares of Amphenol in a research note on Wednesday, October 21st. They issued a “buy” rating for the company. Finally, TD Cowen lowered their price objective on shares of Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, September 9th. Seventeen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.32.

Amphenol Price Performance

Shares of APH traded up $0.74 during trading hours on Monday, hitting $80.04. 11,075,037 shares of the company were exchanged, compared to its average volume of 17,075,070. The company has a market capitalization of $197.38 billion, a PE ratio of 34.77, a PEG ratio of 0.94 and a beta of 1.23. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. The firm has a fifty day simple moving average of $81.46 and a 200-day simple moving average of $75.48. Amphenol has a one year low of $59.01 and a one year high of $89.93.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. Amphenol’s revenue for the quarter was up 65.1% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol will post 2.84 earnings per share for the current year.

Amphenol announced that its board has initiated a share repurchase program on Wednesday, October 28th that authorizes the company to repurchase $4 billion in shares. This repurchase authorization authorizes the electronics maker to purchase up to 2% of its shares through open market purchases. Share repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Amphenol

In related news, CFO Craig Lampo sold 386,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $83.66, for a total transaction of $32,324,292.00. Following the completion of the sale, the chief financial officer directly owned 181,330 shares in the company, valued at approximately $15,169,161.15. This trade represents a 68.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Silverman sold 240,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $87.12, for a total transaction of $20,908,800.00. Following the transaction, the executive vice president owned 31,344 shares in the company, valued at approximately $2,730,689.28. This represents a 88.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of APH. Vaquero Private Wealth Ltd. acquired a new position in Amphenol during the second quarter worth $32,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Amphenol by 85.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Tompkins Financial Corp lifted its position in Amphenol by 81.9% during the 2nd quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 95 shares during the last quarter. Wilkerson Advisory Group LLC increased its stake in shares of Amphenol by 57.4% in the first quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 85 shares during the period. Finally, Valued Wealth Advisors LLC boosted its stake in Amphenol by 53.9% during the 1st quarter. Valued Wealth Advisors LLC now owns 234 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 82 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.