13 Best Large Cap Stocks to Invest in For the Long Term

8. Amphenol Corporation (NYSE:APH)

5-Year Revenue Growth: 20.30%

Analyst Upside: 17.53%

Market Cap: $159.57 billion

Number of Hedge Fund Holders: 81

Amphenol Corporation (NYSE:APH) is one of the best large cap stocks to invest in for the long term. Amphenol Corporation (NYSE:APH) received a rating update from Barclays on November 13, with the firm raising its price target on the stock to $143 from $120 while keeping an Equal Weight rating on the shares. The firm released the rating update to the company’s model after its fiscal Q3 earnings were announced on October 22.

Amphenol Corporation (NYSE:APH) reported a 53% growth in sales compared to last year, supported by strong organic growth in virtually all of the company’s end markets, along with solid organic growth in the IT datacom market. Another factor driving the growth included contributions from the company’s acquisition program. Operating margin for the quarter reached a record 27.5%.

Separately, Amphenol Corporation (NYSE:APH) announced on November 6 the completion of its previously announced acquisition of Trexon from Audax Private Equity for approximately $1 billion in cash. The company expects Trexon to be accretive to earnings in the first year after closing and would be included in the Harsh Environment Solutions segment.

Amphenol Corporation (NYSE:APH) is involved in the design, marketing, and manufacture of electrical, electronic, and fiber optic connectors, antennas, interconnect systems, sensors and sensor-based products, and specialty cable. The company’s operations are divided into the following segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.