California State Teachers Retirement System Reduces Position in TE Connectivity Ltd. $TEL

California State Teachers Retirement System trimmed its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 458,695 shares of the electronics maker's stock after selling 6,662 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of TE Connectivity worth $92,477,499 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. Norges Bank acquired a new position in shares of TE Connectivity during the 4th quarter worth about $938,706,000. Wellington Management Group LLP boosted its position in TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker's stock worth $1,554,259,000 after purchasing an additional 2,507,569 shares during the period. J. Stern & Co. LLP bought a new stake in TE Connectivity during the fourth quarter worth about $445,402,000. Arrowstreet Capital Limited Partnership boosted its stake in TE Connectivity by 124.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker's stock worth $706,457,000 after acquiring an additional 1,721,235 shares during the last quarter. Finally, Man Group plc boosted its position in TE Connectivity by 259.9% during the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker's stock valued at $284,941,000 after purchasing an additional 904,468 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

Wall Street Analyst Weigh In

TEL has been the topic of several research analyst reports. Barclays increased their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday, June 15th. Evercore reissued an "in-line" rating and issued a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Wall Street Zen downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating in a report on Saturday. Zacks Research downgraded shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 8th. Finally, Robert W. Baird dropped their target price on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $252.00.

TE Connectivity Price Performance

NYSE:TEL traded up $0.07 during mid-day trading on Tuesday, hitting $203.44. 904,223 shares of the stock traded hands, compared to its average volume of 2,410,974. The company has a market cap of $58.90 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.16. The business's 50-day moving average price is $206.43 and its 200 day moving average price is $209.44. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, analysts expect that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Profile

TE Connectivity Ltd. NYSE: TEL designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.

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