Cambiar Investors LLC Reduces Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Cambiar Investors reduced its stake by 15.2% in TE Connectivity during Q4, holding 139,283 shares valued at $31.69 million; overall institutional ownership is high at about 91.4%.
• TE Connectivity beat quarterly estimates (EPS $2.72 vs. $2.55; revenue $4.67B, up 21.7% YoY), set Q2 guidance of $2.65 EPS, raised the quarterly dividend to $0.78, and authorized a $3.00 billion share repurchase program (~5% of shares).
• Significant insider selling occurred (42,345 shares sold worth ~$9.63M last quarter, including sales by EVP John Jenkins and SVP Reuben Shaffer), while analysts hold a consensus "Moderate Buy" with an average target of $249.47 (13 Buys, 5 Holds).

Cambiar Investors LLC reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,283 shares of the electronics maker's stock after selling 25,058 shares during the quarter. Cambiar Investors LLC's holdings in TE Connectivity were worth $31,688,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TEL. Brighton Jones LLC purchased a new stake in shares of TE Connectivity during the 4th quarter valued at approximately $820,000. Sivia Capital Partners LLC lifted 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 valued at $425,000 after buying an additional 1,007 shares in the last quarter. Walleye Capital LLC lifted 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 valued at $453,000 after buying an additional 343 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of TE Connectivity by 1,214.0% during the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker's stock valued at $17,755,000 after buying an additional 97,256 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of TE Connectivity by 75.0% during the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker's stock valued at $3,927,000 after buying an additional 9,980 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TEL. Wall Street Zen upgraded shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. The Goldman Sachs Group set a $306.00 target price on shares of TE Connectivity in a research note on Wednesday, January 21st. Truist Financial increased their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a "hold" rating in a research note on Thursday, January 22nd. Barclays increased their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an "overweight" rating in a research note on Friday, January 23rd. Finally, Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 23rd. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $249.47.

Insider Activity

In other news, EVP John S. Jenkins sold 6,155 shares of the firm's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares in the company, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 42,345 shares of company stock worth $9,627,260. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $229.59 on Friday. The company's fifty day moving average price is $216.11 and its 200-day moving average price is $225.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The firm has a market capitalization of $67.37 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.73 and a beta of 1.26. TE Connectivity Ltd. has a one year low of $124.25 and a one year high of $250.67.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the company posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. This is an increase from TE Connectivity's previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio is 40.98%.

TE Connectivity declared that its Board of Directors has approved a share repurchase program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

About TE Connectivity

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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