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

Amphenol (NYSE:APH) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $125.00 to $130.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.95% from the company’s current price.

Several other research firms have also recently weighed in on APH. 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. Stifel Nicolaus lifted their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Jefferies Financial Group assumed coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, UBS Group upped their price target on shares of Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.58.

Amphenol Trading Up 1.7 %

NYSE:APH traded up $1.93 during mid-day trading on Thursday, hitting $118.24. The company had a trading volume of 2,194,661 shares, compared to its average volume of 2,843,969. Amphenol has a fifty-two week low of $72.00 and a fifty-two week high of $119.59. The business’s fifty day moving average is $111.48 and its two-hundred day moving average is $99.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. The firm has a market cap of $71.13 billion, a P/E ratio of 37.88, a P/E/G ratio of 3.06 and a beta of 1.30.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts expect that Amphenol will post 3.28 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 allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,692,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were 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 SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were 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 $2,692,075. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amphenol

Several large investors have recently modified their holdings of APH. Exchange Traded Concepts LLC raised its position in shares of Amphenol by 37.8% in the third quarter. Exchange Traded Concepts LLC now owns 13,366 shares of the electronics maker’s stock valued at $1,123,000 after purchasing an additional 3,665 shares during the period. Boston Trust Walden Corp raised its position in shares of Amphenol by 0.6% in the third quarter. Boston Trust Walden Corp now owns 81,393 shares of the electronics maker’s stock valued at $6,836,000 after purchasing an additional 515 shares during the period. Caprock Group LLC raised its position in shares of Amphenol by 2.8% in the third quarter. Caprock Group LLC now owns 9,804 shares of the electronics maker’s stock valued at $825,000 after purchasing an additional 271 shares during the period. Oak Thistle LLC acquired a new position in shares of Amphenol in the third quarter valued at about $733,000. Finally, Czech National Bank grew its stake in shares of Amphenol by 47.9% in the third quarter. Czech National Bank now owns 104,247 shares of the electronics maker’s stock valued at $8,756,000 after acquiring an additional 33,774 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Company Profile

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.