Amphenol (NYSE:APH) Price Target Raised to $120.00

Amphenol (NYSE:APH) had its target price increased by JPMorgan Chase & Co. from $91.00 to $120.00 in a research note published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the electronics maker’s stock.

APH has been the topic of a number of other research reports. Industrial Alliance Securities set a $115.00 target price on Amphenol in a report on Friday, July 11th. Robert W. Baird boosted their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. KGI Securities began coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a “hold” rating on the stock. Finally, TD Securities raised their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.07.

Amphenol Stock Performance

APH stock opened at $103.37 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The stock has a market capitalization of $125.04 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 2.35 and a beta of 1.13. Amphenol has a 1 year low of $54.77 and a 1 year high of $103.70. The stock’s fifty day moving average is $93.26 and its two-hundred day moving average is $77.33.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. On average, research analysts predict that Amphenol will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.64%. The ex-dividend date was Tuesday, June 17th. Amphenol’s payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In other news, insider Luc Walter sold 286,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the business’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares in the company, valued at $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Large investors have recently modified their holdings of the stock. Hughes Financial Services LLC acquired a new stake in shares of Amphenol during the first quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in Amphenol during the 2nd quarter worth approximately $25,000. Avalon Trust Co raised its holdings in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Amphenol during the 1st quarter worth approximately $28,000. Finally, Saudi Central Bank bought a new position in Amphenol during the 1st quarter worth approximately $31,000. 97.01% of the stock is 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.