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New Buy Rating for Amphenol (APH), the Technology Giant

Tipranks - Tipranks - Tue Jun 16, 9:58AM CDT

Amphenol received a Buy rating and price target from William O’Neil analyst today.

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Currently, the analyst consensus on Amphenol is a Strong Buy with an average price target of $185.30.

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Based on Amphenol’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.62 billion and a net profit of $943.3 million. In comparison, last year the company earned a revenue of $4.81 billion and had a net profit of $737.8 million

Based on the recent corporate insider activity of 59 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, Richard Adam Norwitt, the President & CEO of APH sold 130,775.00 shares for a total of $18,708,564.20.

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