Guinness Atkinson Asset Management Inc Sells 34,201 Shares of Amphenol Co. (NYSE:APH)

Guinness Atkinson Asset Management Inc reduced its holdings in Amphenol Co. (NYSE:APH) by 23.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,363 shares of the electronics maker’s stock after selling 34,201 shares during the quarter. Amphenol makes up 3.6% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its 9th biggest holding. Guinness Atkinson Asset Management Inc’s holdings in Amphenol were worth $7,452,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Amphenol by 0.4% in the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock worth $8,473,608,000 after acquiring an additional 321,861 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Amphenol by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after buying an additional 1,979,022 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after buying an additional 9,487,387 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in shares of Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after buying an additional 7,275,279 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In related news, insider Luc Walter sold 170,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Luc Walter sold 170,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at $28,703,339. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock worth $98,236,640 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research reports. Truist Financial upped their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Bank of America dropped their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group boosted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird reduced their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Amphenol Stock Up 1.5 %

Shares of APH stock traded up $1.00 during trading hours on Friday, hitting $65.56. 5,249,296 shares of the company were exchanged, compared to its average volume of 6,505,295. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The stock has a market capitalization of $78.95 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The business’s 50-day simple moving average is $64.13 and its two-hundred day simple moving average is $63.88.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Sell-side analysts predict that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. Amphenol’s dividend payout ratio is currently 39.40%.

Amphenol 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.