Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 8.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,473 shares of the electronics maker’s stock after purchasing an additional 9,796 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Amphenol were worth $16,015,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in APH. Financial Management Professionals Inc. increased its stake in Amphenol by 82.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after buying an additional 90 shares during the period. Alpine Bank Wealth Management purchased a new position in Amphenol in the 3rd quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. grew its stake in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Amphenol during the second quarter worth $26,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Amphenol in the second quarter valued at $31,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Stock Up 1.9%
Amphenol stock opened at $133.99 on Monday. The stock has a market cap of $164.70 billion, a PE ratio of 40.12, a P/E/G ratio of 1.42 and a beta of 1.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The stock’s fifty day moving average is $144.23 and its two-hundred day moving average is $134.84. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $167.04.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, March 23rd. Amphenol’s dividend payout ratio is currently 29.94%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on APH. Citigroup lifted their target price on Amphenol from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wall Street Zen lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Truist Financial set a $182.00 price objective on Amphenol in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price objective on Amphenol from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $183.00 target price on shares of Amphenol in a research note on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.38.
Read Our Latest Research Report on Amphenol
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $283,863,955.89. This trade represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.67% of the stock is owned by corporate insiders.
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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