MAI Capital Management Sells 1,396 Shares of TE Connectivity Ltd. $TEL

Key Points

• MAI Capital Management **reduced its stake** in TE Connectivity Ltd. by **18.2%**, selling **1,396 shares** during the first quarter, leaving it with 6,293 shares valued at **$889,000**.
• Several institutional investors, including **Baird Financial Group** and **Panagora Asset Management**, have significantly **increased their holdings** in TE Connectivity, reflecting strong institutional interest, with institutional investors now owning **91.43%** of the company.
• TE Connectivity reported an **earnings per share (EPS)** of **$2.27** for the quarter, exceeding analysts' expectations, and has announced a **quarterly dividend** of **$0.71 per share**, reflecting a **1.4% yield**.

MAI Capital Management lessened its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 18.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,293 shares of the electronics maker's stock after selling 1,396 shares during the quarter. MAI Capital Management's holdings in TE Connectivity were worth $889,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. lifted its stake in TE Connectivity by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 2,626,731 shares of the electronics maker's stock valued at $371,210,000 after acquiring an additional 127,860 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of TE Connectivity by 868.7% during the first quarter. Panagora Asset Management Inc. now owns 87,378 shares of the electronics maker's stock valued at $12,348,000 after purchasing an additional 78,358 shares in the last quarter. Vident Advisory LLC boosted its holdings in TE Connectivity by 87.8% during the first quarter. Vident Advisory LLC now owns 17,278 shares of the electronics maker's stock worth $2,442,000 after purchasing an additional 8,080 shares during the last quarter. Evergreen Capital Management LLC grew its position in TE Connectivity by 7.5% in the 1st quarter. Evergreen Capital Management LLC now owns 6,425 shares of the electronics maker's stock worth $908,000 after purchasing an additional 449 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake 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 buying an additional 102,583 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group boosted their target price on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Citigroup upped their price objective on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Finally, 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. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.55.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $205.57 on Thursday. 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 fifty-two week low of $116.30 and a fifty-two week high of $212.76. The stock has a market cap of $60.74 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. The stock has a fifty day moving average of $192.97 and a 200-day moving average of $164.74.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors 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 yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio is 58.80%.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider directly owned 25,976 shares of the company's stock, valued at $5,272,868.24. This trade represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction 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 directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is owned by company 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.

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