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

Amphenol (NYSE:APH) had its target price lifted by JPMorgan Chase & Co. from $125.00 to $130.00 in a research report sent to investors on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the electronics maker’s stock.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Amphenol from $88.00 to $95.00 and gave the stock a hold rating in a research note on Thursday, January 25th. The Goldman Sachs Group lifted their target price on shares of Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a research note on Thursday, January 25th. Robert W. Baird lifted their target price on shares of Amphenol from $123.00 to $124.00 and gave the stock an outperform rating in a research note on Thursday. Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Tuesday, April 9th. They issued a hold rating and a $125.00 price target for the company. Finally, UBS Group lifted their price target on shares of Amphenol from $135.00 to $138.00 and gave the company a buy rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $118.83.

Amphenol Price Performance

Amphenol stock traded up $0.71 during mid-day trading on Thursday, reaching $119.72. The company had a trading volume of 126,460 shares, compared to its average volume of 2,837,279. Amphenol has a fifty-two week low of $72.77 and a fifty-two week high of $119.94. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The company has a market cap of $72.02 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30. The business has a fifty day simple moving average of $111.74 and a 200 day simple moving average of $99.44.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. Amphenol’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, equities research analysts predict that Amphenol will post 3.29 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol declared that its board has authorized a stock repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Amphenol

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC raised its position in shares of Amphenol by 2.0% in the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after purchasing an additional 85 shares during the period. Webster Bank N. A. increased its holdings in Amphenol by 16.2% during the 1st quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock worth $80,000 after acquiring an additional 97 shares during the period. J. W. Coons Advisors LLC increased its holdings in Amphenol by 0.6% during the 4th quarter. J. W. Coons Advisors LLC now owns 16,925 shares of the electronics maker’s stock worth $1,678,000 after acquiring an additional 100 shares during the period. Hixon Zuercher LLC increased its holdings in shares of Amphenol by 0.5% in the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock worth $2,125,000 after buying an additional 104 shares during the last quarter. Finally, Jacobsen Capital Management increased its holdings in shares of Amphenol by 1.8% in the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock worth $606,000 after buying an additional 108 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

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.