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

Amphenol (NYSE:APH - Get Free Report) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $85.00 to $90.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the electronics maker's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 14.59% from the company's previous close.

A number of other equities research analysts also recently commented on the stock. Truist Financial lifted their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Bank of America lifted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Five equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $77.92.

Amphenol Price Performance

NYSE:APH traded up $0.70 during mid-day trading on Thursday, hitting $78.54. 5,820,856 shares of the company's stock traded hands, compared to its average volume of 7,012,726. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The firm's 50 day simple moving average is $71.86 and its 200 day simple moving average is $67.86. Amphenol has a 1 year low of $49.38 and a 1 year high of $78.82. The company has a market cap of $94.69 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4,051,810 billion. During the same period last year, the firm posted $0.82 EPS. The firm's revenue for the quarter was up 29.8% on a year-over-year basis. Sell-side analysts expect that Amphenol will post 1.84 EPS for the current year.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Mediolanum International Funds Ltd lifted its position in shares of Amphenol by 12.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 84,861 shares of the electronics maker's stock worth $5,883,000 after purchasing an additional 9,345 shares in the last quarter. Baron Wealth Management LLC bought a new stake in shares of Amphenol in the fourth quarter worth $211,000. New England Research & Management Inc. acquired a new stake in Amphenol in the fourth quarter valued at $976,000. Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter valued at $32,000. Finally, Ibex Wealth Advisors acquired a new stake in Amphenol in the fourth quarter valued at $337,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Company Profile

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.