Cinctive Capital Management LP Makes New Investment in TE Connectivity Ltd. $TEL

Key Points

• Cinctive Capital Management LP invested approximately $320,000 in TE Connectivity Ltd. by purchasing 2,267 shares during the first quarter.
• TE Connectivity reported earnings of $2.27 per share for the quarter, exceeding analysts' expectations of $2.08 and showing a 13.9% increase in year-over-year revenue.
• The company declared a quarterly dividend of $0.71 per share, which represents a 1.4% yield and will be paid on September 12th to shareholders of record as of August 22nd.

Cinctive Capital Management LP purchased a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,267 shares of the electronics maker's stock, valued at approximately $320,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in TE Connectivity in the first quarter valued at approximately $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity during the 1st quarter valued at $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of TE Connectivity in the 1st quarter valued at $34,000. Dagco Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth $35,000. Finally, North Capital Inc. bought a new stake in TE Connectivity in the first quarter valued at about $46,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Stock Up 0.3%

TEL stock traded up $0.70 during trading hours on Tuesday, reaching $208.57. 1,117,156 shares of the stock were exchanged, compared to its average volume of 1,820,227. The firm's 50-day moving average is $195.36 and its 200-day moving average is $166.00. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $212.76. The company has a market cap of $61.63 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 2.48 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 (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.91 earnings per share. TE Connectivity's quarterly revenue 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, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,645 shares of company stock worth $27,267,158. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TEL shares. JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Citigroup lifted their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Bank of America lifted their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, KGI Securities upgraded TE Connectivity to a "hold" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TE Connectivity presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.

TE Connectivity Profile

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.