Amphenol (NYSE:APH) Price Target Raised to $130.00

Amphenol (NYSE:APH) had its price objective raised by JPMorgan Chase & Co. from $125.00 to $130.00 in a research note released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the electronics maker’s stock.

A number of other analysts also recently issued reports on the company. Evercore ISI raised their target price on Amphenol from $125.00 to $130.00 and gave the stock an outperform rating in a research report on Thursday. Robert W. Baird lifted their price target on Amphenol from $123.00 to $124.00 and gave the company an outperform rating in a research report on Thursday. Bank of America lifted their price target on Amphenol from $121.00 to $124.00 and gave the company a buy rating in a research report on Thursday. UBS Group lifted their price target on Amphenol from $135.00 to $138.00 and gave the company a buy rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their price target on Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $118.83.

Amphenol Stock Performance

NYSE:APH opened at $120.49 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48. The business has a fifty day simple moving average of $112.04 and a two-hundred day simple moving average of $99.92. Amphenol has a 1 year low of $72.77 and a 1 year high of $121.25. The company has a market capitalization of $72.48 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.17 and a beta of 1.30.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts expect that Amphenol will post 3.34 earnings per share for the current year.

Amphenol announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is 26.91%.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 over the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Hedge funds and other institutional investors have recently modified their holdings of the stock. Frazier Financial Advisors LLC bought a new stake in shares of Amphenol in the 4th quarter valued at about $29,000. Peoples Bank KS bought a new stake in shares of Amphenol in the 3rd quarter valued at about $27,000. WASHINGTON TRUST Co lifted its stake in shares of Amphenol by 88.2% in the 1st quarter. WASHINGTON TRUST Co now owns 320 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 138 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.