NewEdge Advisors LLC Sells 1,920 Shares of TE Connectivity Ltd. $TEL

Key Points

• NewEdge Advisors LLC reduced its stake in TE Connectivity Ltd. by 11.1% during the first quarter, now holding 15,340 shares worth approximately $2.17 million after selling 1,920 shares.
• Insider selling was notable as EVP John S. Jenkins sold 45,850 shares for over $9.5 million, representing a 65.06% decrease in his position.
• TE Connectivity recently announced a quarterly dividend of $0.71 per share, with a dividend yield of 1.3% scheduled for payment on December 12th.

NewEdge Advisors LLC cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,340 shares of the electronics maker's stock after selling 1,920 shares during the period. NewEdge Advisors LLC's holdings in TE Connectivity were worth $2,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $28,000. Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $34,000. Dagco Inc. acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $35,000. Finally, North Capital Inc. acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $46,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were 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. The trade was a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,645 shares of company stock worth $27,267,158. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of analyst reports. Bank of America lifted their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. Evercore ISI boosted their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. UBS Group boosted their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Robert W. Baird set a $232.00 price objective on shares of TE Connectivity in a research report on Wednesday, September 3rd. 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $199.55.

TE Connectivity Price Performance

Shares of NYSE TEL traded up $1.17 during midday trading on Monday, reaching $210.99. 1,183,955 shares of the company were exchanged, compared to its average volume of 1,812,573. The stock's 50-day moving average price is $198.35 and its 200-day moving average price is $167.62. The stock has a market cap of $62.34 billion, a P/E ratio of 43.68, a PEG ratio of 2.49 and a beta of 1.23. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $215.22. 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 (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share 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 analysts' expectations of $4.30 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. TE Connectivity's revenue for the quarter 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, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

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

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.