Amphenol Corporation (APH) Earns “Buy” Rating from Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Amphenol Corporation (NYSE:APH) in a research note released on Thursday. The brokerage currently has a $95.00 price target on the electronics maker’s stock, up from their previous price target of $80.00.
A number of other brokerages have also recently issued reports on APH. Zacks Investment Research raised shares of Amphenol Corporation from a hold rating to a buy rating and set a $92.00 price objective on the stock in a research note on Thursday, September 14th. BidaskClub cut shares of Amphenol Corporation from a strong-buy rating to a buy rating in a research report on Wednesday, June 21st. Finally, Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a buy rating to a neutral rating and lifted their price target for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Amphenol Corporation currently has a consensus rating of Buy and a consensus price target of $82.25.
Amphenol Corporation (NYSE:APH) opened at 86.58 on Thursday. Amphenol Corporation has a 12-month low of $62.64 and a 12-month high of $86.59. The firm has a 50 day moving average price of $81.88 and a 200 day moving average price of $75.85. The company has a market cap of $26.45 billion, a PE ratio of 29.15 and a beta of 0.79.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts anticipate that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is presently 25.59%.
In related news, VP David M. Silverman sold 16,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the sale, the vice president now directly owns 16,000 shares in the company, valued at $1,280,640. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the sale, the chief financial officer now owns 40,000 shares in the company, valued at $3,188,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,200 shares of company stock worth $33,886,886. 2.51% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Birch Hill Investment Advisors LLC acquired a new stake in Amphenol Corporation in the 1st quarter valued at $105,000. Dupont Capital Management Corp acquired a new stake in Amphenol Corporation in the 2nd quarter valued at $109,000. People s United Financial Inc. increased its stake in Amphenol Corporation by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in Amphenol Corporation in the 1st quarter valued at $121,000. Finally, Parallel Advisors LLC increased its stake in Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.
Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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