JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Amphenol (NYSE:APH) Stock

by · The Markets Daily

Amphenol (NYSE:APH – Get Free Report) had its price objective upped by JPMorgan Chase & Co. from $160.00 to $185.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.81% from the stock’s current price.

Several other research analysts have also commented on APH. Citigroup reiterated a “buy” rating and issued a $175.00 price target (up previously from $160.00) on shares of Amphenol in a research report on Monday, January 12th. Evercore ISI reiterated an “outperform” rating and issued a $165.00 target price on shares of Amphenol in a report on Tuesday, January 20th. The Goldman Sachs Group restated a “buy” rating and set a $183.00 price target on shares of Amphenol in a report on Thursday, January 15th. Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $149.54.

Check Out Our Latest Analysis on Amphenol

Amphenol Stock Performance

Shares of NYSE:APH opened at $155.71 on Tuesday. The firm has a fifty day simple moving average of $139.92 and a two-hundred day simple moving average of $126.23. Amphenol has a 52 week low of $56.45 and a 52 week high of $157.54. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $190.60 billion, a P/E ratio of 51.90, a PEG ratio of 0.92 and a beta of 1.21.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares in the company, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 698,076 shares of company stock valued at $99,081,306 in the last three months. 1.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of APH. Financial Management Professionals Inc. lifted its holdings in shares of Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after buying an additional 90 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in Amphenol in the second quarter worth about $26,000. Board of the Pension Protection Fund bought a new position in Amphenol during the 4th quarter worth about $27,000. Finally, Alpine Bank Wealth Management purchased a new position in Amphenol during the 3rd quarter valued at about $30,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About Amphenol

(Get Free Report)

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

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