Amphenol Corporation $APH Shares Purchased by Guinness Asset Management LTD

Key Points

• Guinness Asset Management LTD increased its stake in Amphenol Corporation by 38% in the first quarter, owning approximately 0.07% of the company's stock worth $55.9 million.
• Insider sales included CFO Craig A. Lampo selling 199,848 shares at an average price of $110.43, representing a significant reduction of 61.39% in his holdings.
• Analysts have set new price targets for Amphenol, with Citigroup raising its target from $115 to $125 and the stock receiving a "Moderate Buy" consensus rating.

Guinness Asset Management LTD grew its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 852,824 shares of the electronics maker's stock after acquiring an additional 235,005 shares during the quarter. Amphenol comprises approximately 1.1% of Guinness Asset Management LTD's investment portfolio, making the stock its 20th largest holding. Guinness Asset Management LTD owned about 0.07% of Amphenol worth $55,951,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. First Long Island Investors LLC increased its holdings in shares of Amphenol by 4,120.7% during the first quarter. First Long Island Investors LLC now owns 250,960 shares of the electronics maker's stock valued at $16,460,000 after acquiring an additional 245,014 shares in the last quarter. eCIO Inc. acquired a new position in shares of Amphenol during the first quarter valued at about $110,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Amphenol by 13.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 1,324 shares of the electronics maker's stock valued at $87,000 after acquiring an additional 160 shares in the last quarter. Modern Wealth Management LLC increased its holdings in shares of Amphenol by 6.2% during the first quarter. Modern Wealth Management LLC now owns 18,012 shares of the electronics maker's stock valued at $1,181,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Amphenol during the first quarter valued at about $23,794,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, CFO Craig A. Lampo sold 199,848 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the transaction, the chief financial officer owned 125,695 shares in the company, valued at $13,880,498.85. This trade represents a 61.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 113,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $108.89, for a total value of $12,304,570.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 665,924 shares of company stock worth $73,369,357. Corporate insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on APH. UBS Group upped their price objective on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup increased their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Wall Street Zen downgraded shares of Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.62.

Amphenol Trading Up 0.4%

Amphenol stock opened at $119.62 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $120.80. The stock's 50 day simple moving average is $107.06 and its two-hundred day simple moving average is $87.68. The firm has a market cap of $146.05 billion, a PE ratio of 47.66, a P/E/G ratio of 1.91 and a beta of 1.15.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Amphenol's revenue for the quarter was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is 26.29%.

Amphenol Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.