Czech National Bank Has $12.23 Million Stake in TE Connectivity Ltd. $TEL

Key Points

• The Czech National Bank increased its stake in TE Connectivity Ltd. by 5.8% in Q2, owning a total of 72,486 shares worth approximately $12.2 million.
• Insiders have sold a total of 137,645 shares of TE Connectivity stock valued at over $27 million in the last 90 days, leading to significant decreases in their ownership percentages.
• TE Connectivity reported an EPS of $2.27 for the last quarter, exceeding analysts' estimates, and announced a quarterly dividend of $0.71 per share to be paid in December.

Czech National Bank lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,486 shares of the electronics maker's stock after purchasing an additional 3,959 shares during the period. Czech National Bank's holdings in TE Connectivity were worth $12,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in TE Connectivity during the fourth quarter valued at $820,000. Silvercrest Asset Management Group LLC raised its position in TE Connectivity by 2.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock valued at $534,000 after buying an additional 75 shares during the period. State of Wyoming raised its position in TE Connectivity by 110.3% during the fourth quarter. State of Wyoming now owns 2,583 shares of the electronics maker's stock valued at $369,000 after buying an additional 1,355 shares during the period. Twinbeech Capital LP acquired a new position in TE Connectivity during the fourth quarter valued at $2,261,000. Finally, Woodline Partners LP acquired a new position in TE Connectivity during the fourth quarter valued at $127,351,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TEL has been the topic of several research reports. Wells Fargo & Company upped their target price on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Citigroup upped their target price on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America upped their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Finally, UBS Group increased their price objective on TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $199.55.

TE Connectivity Stock Down 0.5%

Shares of NYSE:TEL traded down $1.19 during midday trading on Friday, reaching $216.12. The company had a trading volume of 4,017,204 shares, compared to its average volume of 1,487,980. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The business's 50 day moving average price is $202.40 and its 200 day moving average price is $169.70. The stock has a market cap of $63.86 billion, a PE ratio of 44.75, a P/E/G ratio of 2.57 and a beta of 1.23. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $218.76.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $1.91 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's 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 completion of the sale, the insider owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is currently owned by corporate 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.