JPMorgan Chase & Co. Issues Positive Forecast for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $85.00 to $90.00 in a research report issued to clients and 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 indicate a potential upside of 15.63% from the company’s current price.

APH has been the topic of several other reports. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Bank of America upped their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.88.

Amphenol Trading Up 7.0 %

APH opened at $77.84 on Thursday. The firm has a market capitalization of $93.84 billion, a P/E ratio of 44.73, a P/E/G ratio of 1.98 and a beta of 1.24. The firm’s 50 day moving average is $71.86 and its 200-day moving average is $67.86. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol has a 52-week low of $48.52 and a 52-week high of $78.25.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. Analysts expect that Amphenol will post 1.84 EPS for the current fiscal year.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the sale, the vice president now directly owns 14,000 shares in the company, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amphenol

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trifecta Capital Advisors LLC increased its stake in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares during the period. Core Alternative Capital increased its stake in shares of Amphenol by 100.0% during the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 231 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Continuum Advisory LLC lifted its position in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 324 shares in the last quarter. 97.01% of the stock is currently owned by 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.