NewEdge Advisors LLC Sells 4,800 Shares of TE Connectivity Ltd. $TEL

Key Points

• NewEdge Advisors reduced its TE Connectivity stake by 15.7% in the first quarter, selling 4,800 shares and retaining 25,697 shares valued at approximately $5.37 million. Institutional investors collectively own 91.43% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $251.15. Price targets range from $209 to $286.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in EPS and $5.16 billion in revenue, with revenue up 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, representing a 1.4% yield.

NewEdge Advisors LLC lessened its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 15.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,697 shares of the electronics maker's stock after selling 4,800 shares during the period. NewEdge Advisors LLC's holdings in TE Connectivity were worth $5,371,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Gulf International Bank UK Ltd boosted its position in TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker's stock valued at $3,412,000 after acquiring an additional 44 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of TE Connectivity by 14.1% during the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker's stock worth $83,000 after purchasing an additional 45 shares during the last quarter. Webster Bank N. A. lifted its stake in shares of TE Connectivity by 19.1% during the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker's stock worth $65,000 after purchasing an additional 46 shares during the last quarter. CYBER HORNET ETFs LLC boosted its position in TE Connectivity by 5.6% during the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker's stock valued at $202,000 after purchasing an additional 47 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in TE Connectivity by 4.2% in the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker's stock valued at $271,000 after purchasing an additional 48 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TEL. UBS Group reissued a "buy" rating and set a $241.00 price target on shares of TE Connectivity in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Truist Financial decreased their target price on shares of TE Connectivity from $244.00 to $240.00 and set a "hold" rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $251.15.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares of the company's stock, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

TE Connectivity Stock Up 2.1%

TEL stock opened at $218.73 on Wednesday. The company has a market capitalization of $63.32 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The firm's fifty day simple moving average is $206.80 and its 200-day simple moving average is $212.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The firm's quarterly revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity's payout ratio is 30.59%.

TE Connectivity Profile

TE Connectivity NYSE: TEL is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company's products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.

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