Amphenol Corporation (NYSE:APH) is considered one of the best large cap stocks to invest in for the long term. Barclays raised its price target on APH to $143 from $120 after the company’s fiscal Q3 earnings were announced, maintaining an Equal Weight rating on the shares.

APH reported a 53% sales growth compared to last year, driven by strong organic growth in various end markets and the IT datacom sector. The operating margin for the quarter hit a record 27.5%, with contributions from the company’s acquisition program.

On November 6, APH completed the acquisition of Trexon from Audax Private Equity for around $1 billion in cash. The company anticipates Trexon to enhance earnings in the first year post-closing, falling under the Harsh Environment Solutions segment.

Amphenol Corporation (NYSE:APH) specializes in designing, marketing, and manufacturing electrical, electronic, and fiber optic connectors, antennas, sensors, and specialty cable products. The company operates through segments like Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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Disclosure: None. This article was originally published on Insider Monkey.

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