Berkshire Asset Management LLC PA grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,133 shares of the electronics maker's stock after acquiring an additional 2,426 shares during the period. TE Connectivity comprises about 1.8% of Berkshire Asset Management LLC PA's holdings, making the stock its 20th biggest position. Berkshire Asset Management LLC PA owned about 0.09% of TE Connectivity worth $38,811,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of TE Connectivity by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after acquiring an additional 192 shares during the period. J. Safra Sarasin Holding AG lifted its position in shares of TE Connectivity by 128.4% during the 4th quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker's stock valued at $2,219,000 after acquiring an additional 8,728 shares during the period. Beverly Hills Private Wealth LLC lifted its position in shares of TE Connectivity by 61.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock valued at $1,587,000 after acquiring an additional 4,214 shares during the period. Ameriprise Financial Inc. lifted its position in shares of TE Connectivity by 11.8% during the 4th quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock valued at $801,101,000 after acquiring an additional 592,072 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of TE Connectivity by 2.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock worth $3,516,000 after purchasing an additional 511 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at TE Connectivity
In other news, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares of the company's stock, valued at $4,562,524.26. The trade was a 69.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president directly owned 24,625 shares of the company's stock, valued at $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,795 shares of company stock valued at $26,401,597 over the last quarter. 0.90% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
TEL has been the subject of a number of recent research reports. Evercore ISI raised their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Robert W. Baird raised their price objective on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Citigroup raised their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Wells Fargo & Company raised their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $197.55.
Read Our Latest Research Report on TE Connectivity
TE Connectivity Trading Up 2.3%
TEL stock traded up $4.5070 during midday trading on Friday, hitting $204.8070. The stock had a trading volume of 1,818,901 shares, compared to its average volume of 1,769,425. The firm has a market cap of $60.52 billion, a PE ratio of 42.40, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $212.76. The company's 50-day moving average price is $186.36 and its 200 day moving average price is $161.78.
TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. TE Connectivity's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. TE Connectivity's payout ratio is currently 58.80%.
TE Connectivity Profile
(
Free Report)
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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