Adage Capital Partners GP L.L.C. Has $19.88 Million Stake in TE Connectivity Ltd. $TEL

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in TE Connectivity Ltd. by 32.6%, acquiring an additional 34,625 shares, bringing their total ownership to approximately $19.88 million.
• Several hedge funds have recently acquired positions in TE Connectivity, with institutional investors holding 91.43% of the stock.
• Analysts have set new target prices for TE Connectivity, with estimates ranging from $198.00 to $232.00, and the stock currently holds a consensus rating of "Moderate Buy."

Adage Capital Partners GP L.L.C. lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,698 shares of the electronics maker's stock after buying an additional 34,625 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in TE Connectivity were worth $19,883,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Costello Asset Management INC bought a new stake in shares of TE Connectivity in the 1st quarter valued at approximately $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity in the 1st quarter valued at approximately $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity in the 1st quarter valued at approximately $34,000. Dagco Inc. bought a new stake in shares of TE Connectivity in the 1st quarter valued at approximately $35,000. Finally, North Capital Inc. bought a new stake in shares of TE Connectivity in the 1st quarter valued at approximately $46,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of TEL stock traded up $0.70 during trading hours on Tuesday, reaching $208.57. 1,117,156 shares of the company's stock were exchanged, compared to its average volume of 1,820,227. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. The stock has a market capitalization of $61.63 billion, a P/E ratio of 43.18, a P/E/G ratio of 2.48 and a beta of 1.23. The business has a fifty day moving average price of $195.36 and a 200-day moving average price of $166.00. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

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

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's payout ratio is 58.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Truist Financial upped their target price on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Wall Street Zen cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. Finally, UBS Group upped their target price on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. One investment 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. According to MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and an average target price of $199.55.

Insiders Place Their Bets

In other news, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. This trade represents 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 valued at $27,267,158 in the last three months. 0.90% of the stock is owned by corporate insiders.

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.