Atria Wealth Solutions Inc. Cuts Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in TE Connectivity Ltd. by 68.5% during the second quarter, owning only 2,510 shares after selling more than 5,400 shares.
• TE Connectivity reported $2.27 earnings per share for the last quarter, beating expectations, with a total revenue of $4.53 billion, marking a 13.9% year-over-year increase.
• The company declared a quarterly dividend of $0.71, scheduled to be paid on December 12th, representing an annualized yield of 1.3%.

Atria Wealth Solutions Inc. cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 68.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,510 shares of the electronics maker's stock after selling 5,451 shares during the period. Atria Wealth Solutions Inc.'s holdings in TE Connectivity were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its stake in TE Connectivity by 10.5% during the second quarter. Sequoia Financial Advisors LLC now owns 7,580 shares of the electronics maker's stock worth $1,279,000 after purchasing an additional 720 shares during the period. Vest Financial LLC increased its stake in shares of TE Connectivity by 13.6% during the second quarter. Vest Financial LLC now owns 8,416 shares of the electronics maker's stock worth $1,420,000 after buying an additional 1,010 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of TE Connectivity by 41.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 127,985 shares of the electronics maker's stock worth $21,792,000 after buying an additional 37,373 shares during the period. LRI Investments LLC increased its stake in shares of TE Connectivity by 27.1% during the second quarter. LRI Investments LLC now owns 1,038 shares of the electronics maker's stock worth $175,000 after buying an additional 221 shares during the period. Finally, CWM LLC increased its stake in shares of TE Connectivity by 13.0% during the second quarter. CWM LLC now owns 6,936 shares of the electronics maker's stock worth $1,170,000 after buying an additional 798 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

TEL stock opened at $226.12 on Tuesday. The company has a market capitalization of $66.81 billion, a P/E ratio of 46.82, a PEG ratio of 2.41 and a beta of 1.26. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $226.96. The business has a 50 day simple moving average of $212.98 and a 200-day simple moving average of $181.09. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

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

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's dividend payout ratio is presently 58.80%.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares of the company's stock, valued at $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction 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 sale, the insider directly owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,545 shares of company stock valued at $25,040,158 over the last ninety days. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America upped their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Evercore ISI increased their price target on shares of TE Connectivity from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday. Citigroup increased their price target on shares of TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. Finally, Barclays initiated coverage on shares of TE Connectivity in a research note on Tuesday, October 7th. They issued an "overweight" rating and a $249.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $222.00.

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.

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