A number of firms have modified their ratings and price targets on shares of Amphenol Corporation (NYSE: APH) recently:

  • 10/2/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand in automotive, mobile networks and military markets. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The ongoing revolution in electronics enables Amphenol to capitalize on the opportunities and strengthen its position in the market. Amphenol also expects to leverage on the solid growth potential of the acquired companies to drive robust performance in the future. Despite the uncertainties prevailing in the global economy, management raised its earlier guidance and has bullish revenue and earnings expectations for 2017. Amphenol has outperformed the industry year to date. However, bulk of the revenues comes from sales to the communications industry, demand for which is subject to rapid technological change.”
  • 9/29/2017 – Amphenol Corporation was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating.
  • 9/26/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand in automotive, mobile networks and military markets. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. Management also raised its earlier guidance and has bullish revenue and earnings expectations for 2017. Amphenol has outperformed the industry year to date. However, bulk of the revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. Unfavorable movement in foreign currency exchange rates often impacts sales, thereby affecting its long-term growth to some extent. Increasing cost of raw materials is also a matter of concern and is likely to be an additional drag on its profitability. Stiff competition from other players in the market remains another significant challenge.”
  • 9/22/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand in automotive, mobile networks and military markets. The company remains encouraged by its expanding presence in the fast-growing commercial aerospace market. The diversification in end markets with a consistent focus on technology innovation and customer support through all phases of the economic cycle further enable the company to post strong results. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. Management also raised its earlier guidance and has bullish revenue and earnings expectations for 2017. Amphenol outperformed the industry year to date. However, bulk of the revenues comes from sales to the communications industry, demand for which is subject to rapid technological change.”
  • 9/14/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock. According to Zacks, “Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The company outperformed the industry year to date. Management also raised its earlier guidance for 2017. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. Furthermore, increasing cost of raw materials is also a matter of concern and is likely to be an additional drag on profitability. In addition, unfavorable movement in foreign currency exchange rates often adversely impact sales, thereby affecting its long-term growth to some extent.”
  • 9/13/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand in automotive, mobile networks and military markets. The company remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. Amphenol outperformed the industry year to date. However, bulk of the revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. The company is susceptible to volatility in foreign exchanges, which undermines its growth potential to some extent. Increasing cost of raw materials is also a matter of concern and is likely to be an additional drag on profitability.”
  • 9/7/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand in automotive, mobile networks and military markets. The company remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. A sustained drive for geographic and market diversification has enabled Amphenol to extend its presence into new customers and new applications. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. Amphenol outperformed the industry year to date. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change.”
  • 9/6/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand in automotive, mobile networks and military markets. The company remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. Amphenol outperformed the industry year to date. However, increasing cost of raw materials is likely to be a drag on its profitability. Bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. In addition, these markets are dominated by several large manufacturers and operators who exert significant price pressure on Amphenol.”
  • 8/30/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demands in automotive, mobile networks and military markets. The company remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. Amphenol outperformed the industry year to date. However, increasing cost of raw materials is a matter of concern and is likely to be a drag on its profitability. Bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. In addition, unfavorable foreign currency movements often impact sales, affecting its long-term growth to some extent.”
  • 8/29/2017 – Amphenol Corporation had its “top pick” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $85.00 price target on the stock, up previously from $81.00.
  • 8/24/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “Amphenol’s top-line growth is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive, mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. Amphenol also expects to leverage on the solid growth potential of the acquired companies to drive robust performance in the future. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The company outperformed the industry year to date on diligent execution of plans. However, increasing cost of raw materials is a matter of concern and is likely to be a drag on its profitability.”
  • 8/23/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol reported all-time high second-quarter 2017 results with healthy year-over-year increases in both earnings and revenues. Demand continues to be strong in automotive, mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. The company outperformed the industry in the last three months on diligent execution of plans. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. Furthermore, increasing cost of raw materials is a matter of concern and is likely to be an additional drag on its profitability. Unfavorable movement in foreign currency exchange rates often adversely impact sales, thereby affecting its long-term growth to some extent.”
  • 8/17/2017 – Amphenol Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “Amphenol reported all-time high second-quarter 2017 results with healthy year-over-year increases in both earnings and revenues. Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. Demand continues to be strong in automotive, mobile networks and military markets. Amphenol remains encouraged by its expanding presence in the fast-growing commercial aerospace market and is well positioned to capitalize on the proliferation of electronics content on next-generation planes. The company outperformed the industry in the last three months on diligent execution of plans. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. Furthermore, increasing cost of raw materials is a matter of concern and is likely to be an additional drag on its profitability.”
  • 8/16/2017 – Amphenol Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amphenol reported all-time high second-quarter 2017 results with healthy year-over-year increases in both earnings and revenues. Amphenol is benefiting from improved end-market demand, new product rollouts, and market share gains. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team augur well for its long-term growth perspectives. The company outperformed the industry year to date. Management also raised its earlier guidance for 2017. However, bulk of the company’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. Furthermore, increasing cost of raw materials is also a matter of concern and is likely to be an additional drag on profitability. In addition, unfavorable movement in foreign currency exchange rates often adversely impact sales, thereby affecting its long-term growth to some extent.”
  • 8/14/2017 – Amphenol Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $72.00 price target on the stock.
  • 8/12/2017 – Amphenol Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Amphenol Corporation (APH) opened at 85.00 on Wednesday. Amphenol Corporation has a 12 month low of $62.64 and a 12 month high of $85.18. The stock has a 50 day moving average of $81.27 and a 200-day moving average of $75.59. The firm has a market cap of $25.96 billion, a P/E ratio of 28.62 and a beta of 0.79.

Amphenol Corporation (NYSE:APH) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. Amphenol Corporation’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Equities research analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 0.89%. Amphenol Corporation’s dividend payout ratio is 25.59%.

In related news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the transaction, the chief executive officer now owns 293,992 shares in the company, valued at $22,916,676.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Luc Walter sold 110,400 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the completion of the transaction, the senior vice president now directly owns 130,400 shares of the company’s stock, valued at $10,132,080. The disclosure for this sale can be found here. Insiders sold a total of 433,200 shares of company stock valued at $33,886,886 over the last 90 days. Company insiders own 2.51% of the company’s stock.

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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