Amphenol (NYSE:APH) Hits New 52-Week High Following Analyst Upgrade

Amphenol Corporation (NYSE:APH)’s share price reached a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $160.00 to $185.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Amphenol traded as high as $167.04 and last traded at $166.69, with a volume of 18259640 shares changing hands. The stock had previously closed at $155.56.

APH has been the subject of a number of other reports. Fox Advisors restated an “outperform” rating on shares of Amphenol in a research note on Friday, January 9th. Barclays upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $143.00 to $156.00 in a research report on Monday, January 12th. Citigroup reiterated a “buy” rating and issued a $175.00 price target (up from $160.00) on shares of Amphenol in a research report on Monday, January 12th. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $183.00 target price on shares of Amphenol in a report on Thursday, January 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.54.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 120,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the sale, the vice president owned 12,500 shares in the company, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total value of $11,360,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 498,076 shares of company stock valued at $70,996,906 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grant Private Wealth Management Inc acquired a new stake in shares of Amphenol in the third quarter valued at about $515,000. IFP Advisors Inc grew its holdings in shares of Amphenol by 43.1% in the 2nd quarter. IFP Advisors Inc now owns 24,397 shares of the electronics maker’s stock worth $2,417,000 after acquiring an additional 7,347 shares during the period. Advyzon Investment Management LLC raised its holdings in Amphenol by 101.6% during the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock worth $598,000 after purchasing an additional 3,051 shares during the last quarter. Estate Counselors LLC purchased a new stake in Amphenol during the third quarter worth $3,831,000. Finally, New York Life Investment Management LLC grew its holdings in Amphenol by 1.6% in the second quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock valued at $16,242,000 after purchasing an additional 2,535 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Up 7.2%

The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The business has a 50-day moving average price of $140.60 and a two-hundred day moving average price of $126.71. The firm has a market cap of $204.04 billion, a PE ratio of 55.56, a PEG ratio of 0.94 and a beta of 1.21.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.