Amphenol (NYSE:APH) Given New $125.00 Price Target at JPMorgan Chase & Co.

Amphenol (NYSE:APH - Free Report) had its price objective increased by JPMorgan Chase & Co. from $120.00 to $125.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the electronics maker's stock.

Other analysts have also issued research reports about the company. Truist Financial boosted their price target on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday. Evercore ISI raised their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. KGI Securities assumed coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating on the stock. Finally, Citigroup lifted their price objective on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Trading Up 0.5%

APH traded up $0.50 on Thursday, hitting $104.96. 7,303,018 shares of the company were exchanged, compared to its average volume of 8,704,418. The firm has a fifty day simple moving average of $95.00 and a two-hundred day simple moving average of $78.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 2.02. Amphenol has a 12 month low of $54.77 and a 12 month high of $108.85. The stock has a market capitalization of $126.96 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.06 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $0.44 EPS. The company's quarterly revenue was up 56.5% compared to the same quarter last year. Sell-side analysts expect that Amphenol will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. Amphenol's dividend payout ratio (DPR) is 26.29%.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the transaction, the vice president directly owned 152,412 shares of the company's stock, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders sold a total of 799,500 shares of company stock valued at $70,053,885 in the last quarter. Company insiders own 1.67% of the company's stock.

Institutional Investors Weigh In On Amphenol

A number of institutional investors have recently modified their holdings of the stock. Hughes Financial Services LLC acquired a new stake in Amphenol during the first quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in Amphenol in the 2nd quarter worth about $25,000. Avalon Trust Co grew its position in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Amphenol in the 1st quarter worth about $28,000. Finally, Saudi Central Bank bought a new position in Amphenol in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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.