Cambiar Investors LLC Sells 100,422 Shares of TE Connectivity Ltd. $TEL

Key Points

• Cambiar Investors LLC has reduced its shareholding in TE Connectivity Ltd. by 29.6%, selling 100,422 shares to hold a total of 239,012 shares valued at approximately $33.8 million.
• Several other hedge funds have also adjusted their positions, with notable increases from Cambridge Investment Research Advisors Inc. (up 1.1%) and J. Safra Sarasin Holding AG (up 128.4%).
• TE Connectivity recently reported earnings of $2.27 per share, exceeding analysts' estimates, and announced a quarterly dividend of $0.71 per share, indicating a yield of 1.4%.

Cambiar Investors LLC trimmed its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 29.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,012 shares of the electronics maker's stock after selling 100,422 shares during the period. Cambiar Investors LLC owned approximately 0.08% of TE Connectivity worth $33,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cresset Asset Management LLC raised its position in shares of TE Connectivity by 0.7% during the first quarter. Cresset Asset Management LLC now owns 39,239 shares of the electronics maker's stock worth $5,545,000 after purchasing an additional 264 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in TE Connectivity by 6.9% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 14,654 shares of the electronics maker's stock valued at $2,071,000 after purchasing an additional 952 shares in the last quarter. American Century Companies Inc. raised its holdings in TE Connectivity by 8.0% during the first quarter. American Century Companies Inc. now owns 2,311,575 shares of the electronics maker's stock worth $326,672,000 after buying an additional 170,634 shares during the last quarter. Ethic Inc. lifted its stake in shares of TE Connectivity by 9.4% in the first quarter. Ethic Inc. now owns 31,012 shares of the electronics maker's stock valued at $4,363,000 after buying an additional 2,663 shares in the last quarter. Finally, Aberdeen Group plc grew its holdings in shares of TE Connectivity by 143.2% during the first quarter. Aberdeen Group plc now owns 266,619 shares of the electronics maker's stock valued at $37,511,000 after buying an additional 156,981 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of TEL traded down $1.9430 on Wednesday, reaching $201.4470. 2,272,976 shares of the company's stock traded hands, compared to its average volume of 1,845,125. The stock's 50 day simple moving average is $184.12 and its two-hundred day simple moving average is $160.49. The stock has a market cap of $59.52 billion, a PE ratio of 41.71, a PEG ratio of 2.42 and a beta of 1.23. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $212.76. 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 announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $1.91 EPS. The business's revenue for the quarter was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio is currently 58.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TEL shares. Hsbc Global Res upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Truist Financial increased their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company lifted their target price on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a research report on Friday, April 25th. Finally, Wall Street Zen raised shares of TE Connectivity from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. 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 company's stock. According to MarketBeat.com, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus price target of $197.55.

Insider Activity at TE Connectivity

In related news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president directly owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is currently owned by company insiders.

About TE Connectivity

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.