Korea Investment CORP Sells 37,224 Shares of TE Connectivity Ltd. $TEL

Key Points

• Korea Investment CORP has reduced its holdings in TE Connectivity Ltd. by 13.2%, now owning approximately 0.08% of the company, valued at $34.55 million.
• Several institutional investors have significantly increased their stakes in TE Connectivity, with Vanguard Group Inc. boosting its position by 17.0% and GAMMA Investing LLC increasing by 21,927.9%.
• TE Connectivity recently announced a quarterly dividend of $0.71 per share, translating to an annual yield of 1.4% and reflecting a dividend payout ratio of 58.80%.

Korea Investment CORP trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,501 shares of the electronics maker's stock after selling 37,224 shares during the quarter. Korea Investment CORP owned 0.08% of TE Connectivity worth $34,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEL. Costello Asset Management INC acquired a new stake in shares of TE Connectivity during the first quarter worth $28,000. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the first quarter worth $32,000. Dagco Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth $35,000. North Capital Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth $46,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of TE Connectivity during the first quarter worth $47,000. 91.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TEL. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Bank of America raised their price objective 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. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. UBS Group lifted their price target 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. Finally, Citigroup lifted their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $197.55.

TE Connectivity Stock Performance

Shares of TEL traded up $1.3790 during midday trading on Monday, reaching $206.3790. The stock had a trading volume of 213,752 shares, compared to its average volume of 1,833,529. The firm has a 50 day simple moving average of $186.36 and a 200-day simple moving average of $161.78. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The firm has a market cap of $60.98 billion, a PE ratio of 42.75, a P/E/G ratio of 2.44 and a beta of 1.23. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm posted $1.91 EPS. The company'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. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Insider Activity at TE Connectivity

In related news, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the sale, the insider owned 25,976 shares of the company's stock, valued at $4,130,963.28. This trade represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,795 shares of company stock worth $26,401,597. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Company 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.