Amphenol (NYSE:APH) Price Target Raised to $90.00 at JPMorgan Chase & Co.

Amphenol (NYSE:APH) had its price target lifted by JPMorgan Chase & Co. from $85.00 to $90.00 in a research note published on Thursday,Benzinga reports. The firm currently has an overweight rating on the electronics maker’s stock.

Several other brokerages have also commented on APH. Robert W. Baird boosted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen upped their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI raised their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.92.

Amphenol Trading Up 0.9 %

Shares of Amphenol stock opened at $78.54 on Thursday. The firm has a market cap of $94.69 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. Amphenol has a 52-week low of $49.38 and a 52-week high of $78.82. The company’s 50-day simple moving average is $71.86 and its 200-day simple moving average is $67.86. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, equities research analysts anticipate that Amphenol will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Several hedge funds have recently modified their holdings of APH. Trifecta Capital Advisors LLC raised its stake in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Hanson & Doremus Investment Management purchased a new position in shares of Amphenol in the 4th quarter worth $32,000. Core Alternative Capital boosted its holdings in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 231 shares during the last quarter. Continuum Advisory LLC grew its position in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.