California State Teachers Retirement System Purchases 92,012,142 Shares of TE Connectivity Ltd. $TEL

Key Points

• California State Teachers Retirement System dramatically increased its TE Connectivity stake, purchasing 92.0 million additional shares in the second quarter to own 92.5 million shares, valued at approximately $18.6 billion and representing 31.94% of the company.
• Analysts maintain a generally positive outlook, with TE Connectivity receiving a “Moderate Buy” consensus rating and an average price target of $251.15. Recent targets range from $209 to $300.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in adjusted EPS and $5.16 billion in revenue, while revenue grew 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, yielding about 1.5% annually.

California State Teachers Retirement System raised its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 19,772.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,477,499 shares of the electronics maker's stock after purchasing an additional 92,012,142 shares during the quarter. California State Teachers Retirement System owned 31.94% of TE Connectivity worth $18,644,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in TE Connectivity during the fourth quarter valued at approximately $820,000. Sivia Capital Partners LLC boosted its stake in shares of TE Connectivity by 66.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker's stock worth $425,000 after acquiring an additional 1,007 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of TE Connectivity by 14.6% during the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker's stock worth $453,000 after acquiring an additional 343 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of TE Connectivity by 1,214.0% in the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker's stock worth $17,755,000 after purchasing an additional 97,256 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in shares of TE Connectivity by 75.0% in the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker's stock worth $3,927,000 after purchasing an additional 9,980 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TEL. Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a research note on Sunday, August 23rd. Wells Fargo & Company dropped their price target on shares of TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating for the company in a research report on Thursday, July 23rd. UBS Group restated a "buy" rating and set a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. Robert W. Baird lowered their target price on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Finally, Barclays upped their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of "Moderate Buy" and an average target price of $251.15.

TE Connectivity Price Performance

TE Connectivity stock opened at $208.67 on Tuesday. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average is $205.82 and its 200 day moving average is $210.46. The company has a market cap of $60.41 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.40 and a beta of 1.16.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to analysts' expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business's revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts forecast that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity's dividend payout ratio is 30.59%.

TE Connectivity Company Profile

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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