Interval Partners LP Purchases New Position in TE Connectivity Ltd. $TEL

Key Points

• Interval Partners LP has acquired a new stake in TE Connectivity Ltd. valued at approximately $11.73 million, purchasing 83,001 shares in the first quarter of the year.
• Insiders have recently sold a combined total of 137,645 shares of TE Connectivity stock worth over $27 million, indicating significant insider trading activity.
• TE Connectivity reported an EPS of $2.27 for the last quarter, beating analyst expectations of $2.08, and its revenue increased by 13.9% year-over-year.

Interval Partners LP bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 83,001 shares of the electronics maker's stock, valued at approximately $11,730,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of TE Connectivity in the 1st quarter worth about $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity during the 1st quarter valued at about $32,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity during the 1st quarter valued at about $34,000. Dagco Inc. bought a new stake in shares of TE Connectivity during the 1st quarter valued at about $35,000. Finally, North Capital Inc. acquired a new position in TE Connectivity during the 1st quarter valued at about $46,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Up 0.0%

TE Connectivity stock traded up $0.05 during trading hours on Friday, hitting $208.59. The company had a trading volume of 1,047,869 shares, compared to its average volume of 1,485,586. The firm's fifty day moving average is $194.59 and its 200-day moving average is $165.63. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. The firm has a market capitalization of $61.64 billion, a P/E ratio of 43.19, a price-to-earnings-growth 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 announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business posted $1.91 EPS. 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, research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued 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 yield of 1.4%. TE Connectivity's dividend payout ratio is 58.80%.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction 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 directly owned 23,667 shares of the company's stock, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,645 shares of company stock valued at $27,267,158 in the last quarter. Company insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Truist Financial upped their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Citigroup upped their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research note 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.55.

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.