Analog Century Management LP bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 294,566 shares of the electronics maker's stock, valued at approximately $67,017,000. TE Connectivity accounts for about 3.3% of Analog Century Management LP's portfolio, making the stock its 17th biggest position. Analog Century Management LP owned about 0.10% of TE Connectivity at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. FORA Capital LLC bought a new position in TE Connectivity in the 4th quarter worth $6,257,000. Kestra Advisory Services LLC raised its holdings in TE Connectivity by 106.8% in the 4th quarter. Kestra Advisory Services LLC now owns 22,019 shares of the electronics maker's stock worth $5,010,000 after acquiring an additional 11,371 shares during the period. Transamerica Financial Advisors LLC raised its holdings in TE Connectivity by 14.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,305 shares of the electronics maker's stock worth $297,000 after acquiring an additional 161 shares during the period. Parkside Financial Bank & Trust raised its holdings in TE Connectivity by 28.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 892 shares of the electronics maker's stock worth $203,000 after acquiring an additional 199 shares during the period. Finally, Marshall Wace LLP raised its holdings in TE Connectivity by 118.3% in the 4th quarter. Marshall Wace LLP now owns 424,079 shares of the electronics maker's stock worth $96,482,000 after acquiring an additional 229,788 shares during the period. Institutional investors own 91.43% of the company's stock.
TE Connectivity Stock Performance
NYSE:TEL opened at $210.37 on Friday. The firm's 50-day moving average is $214.51 and its 200-day moving average is $220.63. TE Connectivity Ltd. has a 52-week low of $162.17 and a 52-week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company has a market cap of $61.40 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.49 and a beta of 1.16.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The business's revenue was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.
TE Connectivity announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
TE Connectivity Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity's payout ratio is 31.87%.
Insider Buying and Selling at TE Connectivity
In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 28,200 shares of company stock worth $6,140,644. 0.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages recently commented on TEL. UBS Group dropped their target price on shares of TE Connectivity from $272.00 to $261.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Jefferies Financial Group upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Zacks Research downgraded shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Truist Financial dropped their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a "hold" rating on the stock in a report on Thursday, April 23rd. Finally, HSBC downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating and set a $234.00 price objective on the stock. in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $256.57.
Get Our Latest Report on TEL
About TE Connectivity
(
Free Report)
TE Connectivity NYSE: TEL is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.
The company's products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.
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