Guinness Asset Management LTD Has $71.51 Million Position in Amphenol Corporation $APH

Guinness Asset Management LTD decreased its position in shares of Amphenol Corporation (NYSE:APH) by 15.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 724,311 shares of the electronics maker’s stock after selling 128,513 shares during the quarter. Amphenol makes up approximately 1.3% of Guinness Asset Management LTD’s investment portfolio, making the stock its 20th biggest position. Guinness Asset Management LTD’s holdings in Amphenol were worth $71,512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the second quarter valued at $25,000. Hilltop National Bank acquired a new stake in Amphenol in the second quarter worth about $35,000. Hughes Financial Services LLC bought a new stake in Amphenol during the 1st quarter worth about $25,000. Avalon Trust Co boosted its stake in shares of 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 purchasing an additional 232 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Amphenol in the 1st quarter valued at about $28,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Amphenol from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI increased their price target on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Robert W. Baird set a $139.00 price objective on Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a report on Friday. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.77.

Amphenol Trading Down 1.1%

Shares of NYSE APH opened at $133.80 on Monday. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $137.65. The stock has a market cap of $163.35 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 1.51 and a beta of 1.17. 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 company’s fifty day moving average is $119.39 and its 200-day moving average is $100.97.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be given a $0.25 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is presently 22.00%.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 40,076 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the sale, the chief financial officer directly owned 39,884 shares in the company, valued at $4,409,575.04. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 665,924 shares of company stock valued at $73,369,357 in the last quarter. 1.67% of the stock is owned by company insiders.

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.