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

Amphenol (NYSE:APH - Get Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $91.00 to $120.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the electronics maker's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 17.73% from the stock's previous close.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. TD Securities increased their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. UBS Group reissued a "buy" rating and issued a $115.00 price objective (up from $106.00) on shares of Amphenol in a research note on Monday. Finally, Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $93.71.

Amphenol Trading Up 1.4%

APH traded up $1.38 during trading on Thursday, reaching $101.93. 4,444,775 shares of the company's stock were exchanged, compared to its average volume of 7,680,833. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Amphenol has a one year low of $54.77 and a one year high of $102.07. The firm has a fifty day moving average price of $92.38 and a two-hundred day moving average price of $76.82. The stock has a market capitalization of $123.30 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. As a group, equities research analysts forecast that Amphenol will post 2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last quarter. Insiders own 1.67% of the company's stock.

Institutional Trading of Amphenol

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hughes Financial Services LLC bought a new position in Amphenol during the 1st quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in Amphenol during the second quarter worth about $25,000. Avalon Trust Co increased its stake in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after buying an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Amphenol in the first quarter valued at approximately $28,000. Finally, Saudi Central Bank purchased a new stake in shares of Amphenol during the first quarter valued at approximately $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.

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