Amphenol Co. (NYSE:APH) is Guinness Atkinson Asset Management Inc's 6th Largest Position

Guinness Atkinson Asset Management Inc reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,999 shares of the electronics maker's stock after selling 8,364 shares during the period. Amphenol makes up approximately 3.8% of Guinness Atkinson Asset Management Inc's investment portfolio, making the stock its 6th biggest position. Guinness Atkinson Asset Management Inc's holdings in Amphenol were worth $7,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC boosted its position in Amphenol by 2.3% in the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker's stock valued at $1,601,540,000 after buying an additional 564,991 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after buying an additional 5,293,292 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amphenol by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker's stock worth $427,363,000 after buying an additional 63,180 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker's stock valued at $347,297,000 after acquiring an additional 1,073,480 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 in the last quarter. Company insiders own 1.80% of the company's stock.

Amphenol Trading Down 0.6 %

Amphenol stock traded down $0.42 during mid-day trading on Monday, hitting $69.44. The company's stock had a trading volume of 9,780,875 shares, compared to its average volume of 5,171,896. The business has a 50 day moving average price of $71.82 and a 200-day moving average price of $67.75. Amphenol Co. has a 12 month low of $47.76 and a 12 month high of $75.78. The stock has a market cap of $83.71 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. As a group, analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol's payout ratio is 37.93%.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent research reports. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday. Finally, Robert W. Baird increased their price objective on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $69.79.

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.