Amphenol Co. (NYSE:APH) Stock Holdings Lessened by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,978 shares of the electronics maker's stock after selling 12,225 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Amphenol were worth $7,863,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Amphenol during the 4th quarter valued at $1,378,794,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Wellington Management Group LLP increased its position in Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares in the last quarter. FMR LLC raised its holdings in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the period. Finally, Madison Investment Advisors LLC purchased a new stake in Amphenol during the fourth quarter worth approximately $157,749,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider now owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This trade represents a 46.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,965,000 shares of company stock worth $224,785,900 over the last 90 days. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.96 during trading hours on Wednesday, hitting $75.72. The stock had a trading volume of 1,915,617 shares, compared to its average volume of 7,438,683. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock's fifty day simple moving average is $65.80 and its 200 day simple moving average is $69.13. The firm has a market capitalization of $91.76 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm's quarterly revenue was up 47.7% on a year-over-year basis. Sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio is presently 32.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APH shares. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. The Goldman Sachs Group raised their target price on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. Citigroup upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.58.

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.