Amphenol (APH) Stock Rating Reaffirmed by Bank of America

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Bank of America reiterated their buy rating on shares of Amphenol (NYSE:APH) in a report released on Thursday. They currently have a $107.00 price target on the electronics maker’s stock, up from their prior price target of $103.00.

A number of other analysts have also commented on APH. Zacks Investment Research raised Amphenol from a hold rating to a buy rating and set a $95.00 target price for the company in a research report on Friday, December 14th. ValuEngine lowered Amphenol from a buy rating to a hold rating in a research report on Tuesday, November 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $100.60.

Shares of NYSE:APH opened at $90.27 on Thursday. The stock has a market capitalization of $27.20 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 1.87. Amphenol has a 1 year low of $74.95 and a 1 year high of $97.56.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 23rd. The electronics maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.09 billion. Amphenol had a return on equity of 29.82% and a net margin of 14.69%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. On average, equities research analysts forecast that Amphenol will post 3.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, March 18th. Amphenol’s payout ratio is 24.40%.

A number of institutional investors have recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in Amphenol by 256.2% during the 3rd quarter. Capital Research Global Investors now owns 9,600,537 shares of the electronics maker’s stock worth $902,642,000 after purchasing an additional 6,905,120 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Amphenol by 7,553.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,489,267 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 5,417,547 shares in the last quarter. BlackRock Inc. increased its holdings in Amphenol by 4.7% during the 4th quarter. BlackRock Inc. now owns 22,227,823 shares of the electronics maker’s stock worth $1,800,898,000 after purchasing an additional 989,348 shares in the last quarter. FMR LLC increased its holdings in Amphenol by 2.1% during the 3rd quarter. FMR LLC now owns 39,361,331 shares of the electronics maker’s stock worth $3,700,752,000 after purchasing an additional 816,589 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Amphenol by 139.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 950,454 shares of the electronics maker’s stock worth $77,006,000 after purchasing an additional 553,909 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

About Amphenol

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.

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