Magnetar Financial LLC reduced its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 79.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,236 shares of the electronics maker's stock after selling 8,871 shares during the period. Magnetar Financial LLC's holdings in TE Connectivity were worth $316,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board increased its holdings in TE Connectivity by 7.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,577,343 shares of the electronics maker's stock valued at $222,910,000 after purchasing an additional 102,583 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of TE Connectivity during the first quarter valued at about $3,757,000. Ieq Capital LLC grew its stake in shares of TE Connectivity by 101.6% during the first quarter. Ieq Capital LLC now owns 13,304 shares of the electronics maker's stock valued at $1,880,000 after acquiring an additional 6,705 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in shares of TE Connectivity by 57.3% during the first quarter. Ceredex Value Advisors LLC now owns 226,850 shares of the electronics maker's stock valued at $32,058,000 after acquiring an additional 82,600 shares in the last quarter. Finally, South Plains Financial Inc. grew its stake in shares of TE Connectivity by 43.8% during the first quarter. South Plains Financial Inc. now owns 1,795 shares of the electronics maker's stock valued at $254,000 after acquiring an additional 547 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company's stock, valued at $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the transaction, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 137,645 shares of company stock worth $27,267,158. 0.90% of the stock is currently owned by corporate insiders.
TE Connectivity Stock Performance
TEL stock traded up $0.05 during midday trading on Friday, reaching $208.59. The company had a trading volume of 1,047,869 shares, compared to its average volume of 1,504,962. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $194.59 and a 200 day moving average price of $165.50. 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 PE ratio of 43.19, a P/E/G ratio of 2.48 and a beta of 1.23.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its 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 company had revenue of $4.53 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.71 per share. 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 payout ratio is 58.80%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on TEL. JPMorgan Chase & Co. raised their target price on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. KGI Securities upgraded TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company lifted their price target on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Citigroup lifted their price target on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, UBS Group lifted their price target on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.55.
Check Out Our Latest Research Report on TE Connectivity
About TE Connectivity
(
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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