J.Safra Asset Management Corp Takes $277,000 Position in TE Connectivity Ltd. $TEL

Key Points

• J.Safra Asset Management Corp has acquired a new position in TE Connectivity Ltd. worth approximately $277,000, buying 1,661 shares in the second quarter.
• TE Connectivity reported $2.27 EPS for the last quarter, exceeding analysts' expectations, with revenue rising 13.9% year-over-year.
• The company announced a quarterly dividend of $0.71 per share, which will be paid on December 12th, reflecting a 1.3% yield and a payout ratio of 58.80%.

J.Safra Asset Management Corp bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,661 shares of the electronics maker's stock, valued at approximately $277,000.

A number of other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of TE Connectivity during the 2nd quarter valued at about $33,000. Costello Asset Management INC bought a new position in shares of TE Connectivity during the 1st quarter worth approximately $28,000. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the 1st quarter worth approximately $32,000. Ransom Advisory Ltd acquired a new position in shares of TE Connectivity during the 1st quarter valued at $34,000. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in TE Connectivity during the first quarter worth $34,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Up 2.3%

TEL stock opened at $219.44 on Tuesday. The firm has a market capitalization of $64.84 billion, a PE ratio of 45.43, a P/E/G ratio of 2.31 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $226.40. The stock's 50 day moving average is $210.71 and its 200-day moving average is $178.01.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.TE Connectivity's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's dividend payout ratio is presently 58.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of TE Connectivity in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. KGI Securities raised TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $219.92.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction that occurred on 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 transaction, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. This trade represents a 65.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider owned 23,667 shares in the company, valued at $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 90 days, insiders have sold 124,545 shares of company stock worth $25,040,158. Corporate insiders own 0.90% of the company's stock.

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.

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