Hsbc Holdings PLC Raises Position in TE Connectivity Ltd. $TEL

Key Points

• HSBC increased its TE Connectivity position by 19.7% in the second quarter, adding 219,475 shares to hold 1.34 million shares valued at approximately $269.1 million. Institutional investors collectively own 91.43% of the company.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in EPS versus the $2.85 consensus and $5.16 billion in revenue, up 13.8% year over year. The company issued fourth-quarter 2026 EPS guidance of $3.05.
• The company declared a quarterly dividend of $0.78 per share, equal to $3.12 annually and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $251.15.

Hsbc Holdings PLC raised its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 19.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,335,167 shares of the electronics maker's stock after buying an additional 219,475 shares during the period. Hsbc Holdings PLC owned about 0.46% of TE Connectivity worth $269,075,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in TE Connectivity in the 2nd quarter valued at $34,000. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity in the 4th quarter valued at $40,000. MV Capital Management Inc. purchased a new position in TE Connectivity in the 4th quarter valued at $41,000. Finally, Bayban acquired a new stake in TE Connectivity during the 4th quarter worth $44,000. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Up 0.0%

NYSE TEL opened at $208.67 on Monday. The business's fifty day simple moving average is $205.62 and its 200-day simple moving average is $210.65. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The firm has a market cap of $60.41 billion, a PE ratio of 20.46, a P/E/G ratio of 1.40 and a beta of 1.16. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56.

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

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity's dividend payout ratio is currently 30.59%.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of recent research reports. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Wells Fargo & Company lowered their price target on shares of TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 23rd. Evercore reaffirmed an "in-line" rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Wall Street Zen upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating in a report on Sunday, August 23rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of TE Connectivity in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.15.

TE Connectivity Company Profile

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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