Amphenol (NYSE:APH) Hits New 1-Year High Following Analyst Upgrade

Shares of Amphenol Corporation (NYSE:APH) reached a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $160.00 to $185.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Amphenol traded as high as $167.04 and last traded at $166.69, with a volume of 18259640 shares changing hands. The stock had previously closed at $155.56.

A number of other research firms have also issued reports on APH. Truist Financial set a $182.00 target price on shares of Amphenol in a report on Tuesday, January 13th. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and upped their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, January 21st. Robert W. Baird set a $139.00 price target on Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $174.00 price objective (up previously from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.54.

Insider Buying and Selling

In other news, insider William J. Doherty sold 80,000 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the transaction, the vice president owned 12,500 shares in the company, valued at $1,764,625. The trade was a 90.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 498,076 shares of company stock valued at $70,996,906. 1.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

A number of large investors have recently modified their holdings of APH. Riggs Asset Managment Co. Inc. increased its holdings in shares of Amphenol by 200.0% in the 2nd 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 during the last quarter. Financial Management Professionals Inc. boosted its holdings in Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares during the period. Howard Hughes Medical Institute bought a new stake in Amphenol during the second quarter valued at $26,000. Board of the Pension Protection Fund acquired a new stake in shares of Amphenol during the fourth quarter worth $27,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Amphenol in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 7.2%

The firm has a market cap of $204.04 billion, a P/E ratio of 55.56, a P/E/G ratio of 0.94 and a beta of 1.21. The business’s 50-day moving average is $140.60 and its two-hundred day moving average is $126.71. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

About Amphenol

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.