In a report released today, Wamsi Mohan from Bank of America Securities maintained a Buy rating on Amphenol (APH – Research Report), with a price target of $137.00. The company’s shares closed yesterday at $122.13.
According to TipRanks, Mohan is a 5-star analyst with an average return of 10.2% and a 56.80% success rate. Mohan covers the Technology sector, focusing on stocks such as Apple, Amphenol, and International Business Machines.
Currently, the analyst consensus on Amphenol is a Strong Buy with an average price target of $126.67, which is a 3.72% upside from current levels. In a report released on April 25, Citi also maintained a Buy rating on the stock with a $135.00 price target.
Based on Amphenol’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.33 billion and a net profit of $514.4 million. In comparison, last year the company earned a revenue of $3.24 billion and had a net profit of $507.5 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APH in relation to earlier this year. Last month, Peter Straub, the President of APH sold 20,000.00 shares for a total of $2,212,800.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Amphenol (APH) Company Description:
Connecticut-based Amphenol Corp. designs, manufactures, and markets electrical, electronic, and fiber optic connectors. It operates through two segments: Interconnect Products and Assemblies; and Cable Products and Solutions.
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