JPMorgan Chase & Co. Boosts Amphenol (NYSE:APH) Price Target to $130.00

Amphenol (NYSE:APH) had its price target lifted by analysts at JPMorgan Chase & Co. from $125.00 to $130.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.89% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Robert W. Baird lifted their price objective on Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Citigroup lifted their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, UBS Group raised their target price on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Stock Up 1.2 %

Shares of APH stock opened at $120.49 on Thursday. The stock has a market cap of $72.48 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. Amphenol has a one year low of $72.77 and a one year high of $121.25. The stock has a fifty day moving average price of $112.04 and a 200 day moving average price of $99.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. Analysts predict that Amphenol will post 3.29 earnings per share for the current year.

Amphenol announced that its Board of Directors has approved a share buyback program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 over the last three months. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amphenol

Several institutional investors have recently modified their holdings of APH. Peoples Bank KS bought a new position in shares of Amphenol during the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Amphenol during the 4th quarter valued at about $29,000. Mendota Financial Group LLC bought a new position in shares of Amphenol during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC lifted its holdings in shares of Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.