First Citizens Bank & Trust 13F: Adds $9.5M to APH Stake

First Citizens Bank & Trust has significantly increased its stake in Amphenol Corporation (NYSE: APH). According to the latest Form 13F filing with the SEC, the bank added 112,757 shares during the reporting period, boosting its total holdings by 104.7% to 220,463 shares. The value of this investment now stands at approximately $18.59 million.

What Changed in First Citizens Bank & Trust's Amphenol Position

First Citizens Bank & Trust's recent filing shows a substantial increase in its investment in Amphenol Corporation. Before the change, the bank held 107,706 shares. With the addition of 112,757 shares, its position has more than doubled, reaching a total of 220,463 shares. This move underscores the bank's growing interest in Amphenol, with the stake now valued at $18.59 million.

Amphenol Corporation Stock Down 3.6%

Shares of Amphenol Corporation traded near their previous close of $82.69 on Friday. The company, listed on the NYSE, boasts a market capitalization of around $200.95 billion. It has a P/E ratio of 40.75 and a forward P/E of 24.45, indicating investor expectations for future earnings growth. The stock's beta is 1.235, suggesting it is somewhat more volatile than the broader market. Amphenol's 52-week trading range spans from $59.01 to $89.93, with a 50-day moving average of $82.36 and a 200-day moving average of $74.99. The company's current ratio stands at 1.89, with a quick ratio of 1.29 and a debt-to-equity ratio of 120.42.

Recent Earnings

Amphenol Corporation reported revenue of $29.01 billion, reflecting a modest growth rate of 0.55%. The company's net margin is 17.73%, with a return on equity of 38.12%. Earnings per share stand at $2.00. Investors can look forward to the next earnings release, scheduled for October 28, 2026.

Dividend

Amphenol offers a dividend yield of 0.61%, with an annual payout ratio of 22.88%. This indicates a conservative approach to returning profits to shareholders, balancing dividend payments with reinvestment in the business.

About Amphenol Corporation

Amphenol Corporation, headquartered in Wallingford, Connecticut, is a leading provider of electronic and fiber optic connectors. The company operates through three main segments: Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems. It designs and manufactures a wide range of products, including high-speed connectors, radio frequency products, and power distribution systems. Amphenol serves various industries such as automotive, aerospace, and communications networks, employing around 170,000 people under the leadership of CEO Richard Adam Norwitt.

Bottom Line

First Citizens Bank & Trust's decision to significantly increase its stake in Amphenol Corporation highlights its confidence in the company's performance and future prospects. While 13F filings are retrospective and may not reflect current holdings, they offer valuable insights into institutional investment strategies. Investors keep an eye on such moves to gauge market sentiment and potential stock trends.