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

Guinness Asset Management LTD reduced its stake in Amphenol Corporation (NYSE:APH) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 724,311 shares of the electronics maker’s stock after selling 128,513 shares during the quarter. Amphenol makes up 1.3% of Guinness Asset Management LTD’s investment portfolio, making the stock its 20th largest holding. Guinness Asset Management LTD owned approximately 0.06% of Amphenol worth $71,512,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hughes Financial Services LLC acquired a new position in Amphenol in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in Amphenol during the second quarter valued at about $25,000. Avalon Trust Co grew its position in shares of Amphenol by 133.3% in the first 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. N.E.W. Advisory Services LLC bought a new position in shares of Amphenol in the first quarter worth about $28,000. Finally, Saudi Central Bank acquired a new position in shares of Amphenol during the 1st quarter worth about $31,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APH. JPMorgan Chase & Co. raised their target price on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research note on Friday, July 11th. Truist Financial boosted their target price on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group set a $152.00 target price on shares of Amphenol and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.77.

Amphenol Price Performance

Shares of Amphenol stock opened at $133.80 on Monday. The firm has a market cap of $163.35 billion, a P/E ratio of 44.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17. The firm’s 50-day simple moving average is $119.39 and its 200-day simple moving average is $100.97. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $137.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. Amphenol’s dividend payout ratio (DPR) is currently 22.00%.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction on Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,380,250. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 665,924 shares of company stock valued at $73,369,357. 1.67% of the stock is owned by 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.