Amphenol (NYSE:APH) Given New $90.00 Price Target at JPMorgan Chase & Co.

Amphenol (NYSE:APH) had its target price lifted by JPMorgan Chase & Co. from $85.00 to $90.00 in a research note released on Thursday morning,Benzinga reports. They currently have an overweight rating on the electronics maker’s stock.

Several other analysts have also issued reports on the stock. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.92.

Amphenol Price Performance

Shares of APH stock opened at $78.54 on Thursday. The firm’s 50-day moving average is $71.86 and its two-hundred day moving average is $67.86. Amphenol has a 12 month low of $49.38 and a 12 month high of $78.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market capitalization of $94.69 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. Analysts predict that Amphenol will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Transactions at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amphenol

Hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Amphenol during the 2nd quarter worth $242,000. AE Wealth Management LLC increased its position in shares of Amphenol by 154.7% during the second quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock worth $518,000 after purchasing an additional 4,671 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Amphenol by 107.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,041 shares of the electronics maker’s stock valued at $195,000 after purchasing an additional 1,576 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Amphenol by 246.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock valued at $3,095,000 after purchasing an additional 32,685 shares during the period. Finally, Evergreen Capital Management LLC increased its position in Amphenol by 130.6% during the second quarter. Evergreen Capital Management LLC now owns 7,075 shares of the electronics maker’s stock worth $477,000 after buying an additional 4,007 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.