Amphenol (NYSE:APH) Given New $89.00 Price Target at The Goldman Sachs Group

Amphenol (NYSE:APH) had its price target upped by The Goldman Sachs Group from $79.00 to $89.00 in a research report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the electronics maker’s stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial boosted their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.92.

Amphenol Price Performance

APH opened at $78.54 on Thursday. Amphenol has a twelve month low of $49.38 and a twelve month high of $78.82. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm has a market cap of $94.69 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 1.98 and a beta of 1.24. The company has a fifty day simple moving average of $71.86 and a 200 day simple moving average of $67.86.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. Equities research analysts expect that Amphenol will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in Amphenol during the 4th quarter valued at $144,000. Caprock Group LLC lifted its holdings in Amphenol by 3.5% in the 4th quarter. Caprock Group LLC now owns 31,958 shares of the electronics maker’s stock valued at $2,225,000 after acquiring an additional 1,074 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its position in shares of Amphenol by 1.9% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 91,347 shares of the electronics maker’s stock valued at $6,344,000 after purchasing an additional 1,681 shares in the last quarter. Fortune Financial Advisors LLC grew its stake in shares of Amphenol by 2.0% in the 4th quarter. Fortune Financial Advisors LLC now owns 22,247 shares of the electronics maker’s stock worth $1,545,000 after purchasing an additional 433 shares during the last quarter. Finally, Mediolanum International Funds Ltd raised its holdings in shares of Amphenol by 12.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 84,861 shares of the electronics maker’s stock worth $5,883,000 after purchasing an additional 9,345 shares in the last quarter. Institutional investors and hedge funds 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.