ICONIQ Capital LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,816 shares of the electronics maker's stock, valued at approximately $257,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of TE Connectivity in the first quarter worth about $28,000. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the first quarter worth approximately $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TE Connectivity during the first quarter worth approximately $34,000. Dagco Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth approximately $35,000. Finally, North Capital Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth approximately $46,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other 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 transaction, the insider owned 23,667 shares of the company's stock, valued at $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. 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 TE Connectivity stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president directly owned 4,716 shares in the company, 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 ninety days, insiders sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
TEL has been the subject of several research reports. Truist Financial raised their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Robert W. Baird raised their price target on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Bank of America raised their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. UBS Group raised their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Citigroup raised their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $197.55.
Check Out Our Latest Research Report on TE Connectivity
TE Connectivity Price Performance
Shares of TEL opened at $205.0780 on Tuesday. The firm has a market cap of $60.60 billion, a PE ratio of 42.46, a PEG ratio of 2.44 and a beta of 1.23. The firm's 50 day moving average price is $187.15 and its 200 day moving average price is $162.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.
TE Connectivity Profile
(
Free Report)
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.
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