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

Amphenol (NYSE:APH) had its price target upped 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.

APH has been the subject of several other reports. Robert W. Baird lifted their target price on shares of Amphenol from $123.00 to $124.00 and gave the company an outperform rating in a report on Thursday. UBS Group lifted their price objective on shares of Amphenol from $135.00 to $138.00 and gave the company a buy rating in a report on Thursday. Citigroup increased their target price on shares of Amphenol from $117.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, April 4th. Evercore ISI lifted their price target on Amphenol from $125.00 to $130.00 and gave the company an outperform rating in a research note on Thursday. Finally, Bank of America increased their price target on Amphenol from $121.00 to $124.00 and gave the stock a buy rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Amphenol presently has an average rating of Moderate Buy and a consensus price target of $118.83.

Amphenol Stock Performance

Shares of APH traded up $0.71 during trading hours on Thursday, reaching $119.72. 126,460 shares of the company traded hands, compared to its average volume of 2,837,279. Amphenol has a 12-month low of $72.77 and a 12-month high of $119.94. The stock has a market capitalization 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 company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $111.74 and a 200-day moving average price of $99.44.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. Equities analysts anticipate that Amphenol will post 3.29 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio is currently 26.91%.

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

Insiders Place Their Bets

In related 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 transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in Amphenol by 37.8% in the third quarter. Exchange Traded Concepts LLC now owns 13,366 shares of the electronics maker’s stock valued at $1,123,000 after purchasing an additional 3,665 shares during the period. Boston Trust Walden Corp boosted its holdings in Amphenol by 0.6% in the third quarter. Boston Trust Walden Corp now owns 81,393 shares of the electronics maker’s stock valued at $6,836,000 after purchasing an additional 515 shares during the last quarter. Caprock Group LLC increased its holdings in Amphenol by 2.8% during the 3rd quarter. Caprock Group LLC now owns 9,804 shares of the electronics maker’s stock worth $825,000 after purchasing an additional 271 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Amphenol in the third quarter worth $733,000. Finally, Czech National Bank increased its position in shares of Amphenol by 47.9% in the 3rd quarter. Czech National Bank now owns 104,247 shares of the electronics maker’s stock worth $8,756,000 after purchasing an additional 33,774 shares during the last quarter. Institutional investors and hedge funds 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.