Pacific Point Advisors LLC Acquires Shares of 1,300 TE Connectivity Ltd. $TEL

Key Points

• Pacific Point Advisors LLC acquired 1,300 shares of TE Connectivity Ltd., valued at approximately $219,000, during the second quarter.
• TE Connectivity reported a strong quarterly performance with an EPS of $2.27, beating analyst estimates and showing a year-over-year revenue increase of 13.9%.
• The company declared a $0.71 quarterly dividend, which will be paid on December 12th, reflecting a dividend yield of 1.3%.

Pacific Point Advisors LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,300 shares of the electronics maker's stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $820,000. Wealth Enhancement Advisory Services LLC raised its position in TE Connectivity by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 36,014 shares of the electronics maker's stock valued at $5,149,000 after buying an additional 2,498 shares during the period. Versant Capital Management Inc lifted its stake in TE Connectivity by 381.1% in the 1st quarter. Versant Capital Management Inc now owns 1,020 shares of the electronics maker's stock worth $144,000 after acquiring an additional 808 shares in the last quarter. Parallel Advisors LLC boosted its position in TE Connectivity by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the electronics maker's stock worth $698,000 after acquiring an additional 284 shares during the period. Finally, Rhumbline Advisers grew its stake in TE Connectivity by 0.4% during the 1st quarter. Rhumbline Advisers now owns 339,714 shares of the electronics maker's stock valued at $48,008,000 after acquiring an additional 1,346 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Price Performance

NYSE TEL opened at $219.56 on Wednesday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $221.00. The stock's 50-day moving average is $207.93 and its two-hundred day moving average is $173.18. The firm has a market cap of $64.88 billion, a P/E ratio of 45.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL - Get Free Report) last issued 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 return on equity of 20.22% and a net margin of 8.78%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm posted $1.91 EPS. The firm'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, analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on TEL shares. Wells Fargo & Company increased their price target on shares of TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 25th. UBS Group increased their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Truist Financial upped their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. The Goldman Sachs Group increased their price objective on TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a report on Monday. Finally, Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $211.36.

Insider Activity

In related news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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. This trade represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by corporate insiders.

About TE Connectivity

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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