2,195 Shares in TE Connectivity Ltd. $TEL Purchased by Parallax Volatility Advisers L.P.

Key Points

• Parallax Volatility Advisers L.P. acquired 2,195 shares of TE Connectivity Ltd., valued at approximately $310,000, marking its entry into the company.
• Research analysts have generally positive sentiment towards TE Connectivity, with multiple firms raising their target prices and assigning ratings ranging from "Buy" to "Hold."
• TE Connectivity announced a quarterly dividend of $0.71 per share, representing an annualized dividend yield of 1.4%, with a growing payout ratio of 58.80%.

Parallax Volatility Advisers L.P. purchased a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,195 shares of the electronics maker's stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after acquiring an additional 5,502,415 shares during the last quarter. Dodge & Cox boosted its position in shares of TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after purchasing an additional 56,871 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock worth $1,054,133,000 after purchasing an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock worth $927,571,000 after purchasing an additional 960,276 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its position in shares of TE Connectivity by 5.8% in the 1st quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker's stock worth $580,609,000 after purchasing an additional 224,422 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TEL. Wells Fargo & Company raised their price target on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Evercore ISI raised their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $199.55.

Insider Activity at TE Connectivity

In related news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the sale, the senior vice president directly owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the sale, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,645 shares of company stock worth $27,267,158 in the last ninety days. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Performance

TEL traded up $1.84 on Wednesday, reaching $210.49. The stock had a trading volume of 1,359,271 shares, compared to its average volume of 1,470,450. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $212.76. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The business's 50-day moving average price is $196.87 and its two-hundred day moving average price is $166.60. The company has a market cap of $62.20 billion, a P/E ratio of 43.58, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the company earned $1.91 earnings per share. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.