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

Amphenol (NYSE:APH) had its price target boosted by JPMorgan Chase & Co. from $160.00 to $185.00 in a research note released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the electronics maker’s stock.

A number of other brokerages have also issued reports on APH. Truist Financial set a $182.00 price objective on Amphenol in a report on Tuesday, January 13th. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Barclays upgraded Amphenol from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $143.00 to $156.00 in a report on Monday, January 12th. Citigroup reissued a “buy” rating and issued a $175.00 target price (up from $160.00) on shares of Amphenol in a research report on Monday, January 12th. Finally, UBS Group reiterated a “buy” rating and set a $174.00 price target (up previously from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $149.54.

Amphenol Trading Up 7.2%

NYSE:APH opened at $166.69 on Tuesday. Amphenol has a 12-month low of $56.45 and a 12-month high of $167.04. The firm has a market capitalization of $204.04 billion, a P/E ratio of 55.56, a P/E/G ratio of 0.94 and a beta of 1.21. 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 simple moving average of $140.60 and a 200 day simple moving average of $126.71.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the transaction, the chief financial officer owned 39,884 shares in the company, valued at $5,723,354. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares in the company, valued at $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 498,076 shares of company stock valued at $70,996,906 over the last 90 days. 1.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amphenol

A number of institutional investors and hedge funds have recently bought and sold shares of APH. Capital Advisors Inc. OK raised its holdings in Amphenol by 3.4% in the 4th quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker’s stock valued at $279,000 after acquiring an additional 68 shares in the last quarter. Canvas Wealth Advisors LLC grew its position in Amphenol by 3.5% during the 4th quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker’s stock worth $279,000 after acquiring an additional 70 shares during the last quarter. LOM Asset Management Ltd grew its holdings in shares of Amphenol by 16.3% during the fourth quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 70 shares during the last quarter. Seeds Investor LLC grew its holdings in Amphenol by 4.0% during the 4th quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker’s stock worth $255,000 after acquiring an additional 72 shares during the last quarter. Finally, Procyon Advisors LLC increased its holdings in shares of Amphenol by 2.6% in the fourth quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker’s stock valued at $388,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.