Perbak Capital Partners LLP acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,701 shares of the electronics maker's stock, valued at approximately $240,000.
A number of other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in TE Connectivity in the fourth quarter valued at about $820,000. Aptus Capital Advisors LLC raised its holdings in TE Connectivity by 47.6% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,910 shares of the electronics maker's stock valued at $416,000 after acquiring an additional 938 shares in the last quarter. Ancora Advisors LLC raised its holdings in TE Connectivity by 150.0% in the fourth quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock valued at $71,000 after acquiring an additional 300 shares in the last quarter. Benjamin Edwards Inc. increased its stake in TE Connectivity by 113.3% in the fourth quarter. Benjamin Edwards Inc. now owns 4,648 shares of the electronics maker's stock valued at $665,000 after purchasing an additional 2,469 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in TE Connectivity by 184.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 17,992 shares of the electronics maker's stock valued at $2,572,000 after purchasing an additional 11,664 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TEL. 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 note on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Truist Financial lifted their price target on 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 reaffirmed a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. Finally, Robert W. Baird set a $232.00 price target on TE Connectivity in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $199.55.
View Our Latest Stock Analysis on TEL
Insider Transactions at TE Connectivity
In other news, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction dated Monday, July 28th. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 137,645 shares of company stock worth $27,267,158 over the last 90 days. Company insiders own 0.90% of the company's stock.
TE Connectivity Trading Up 0.0%
Shares of TE Connectivity stock traded up $0.05 during mid-day trading on Friday, hitting $208.59. 1,047,869 shares of the stock were exchanged, compared to its average volume of 1,504,962. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $212.76. The stock has a market capitalization of $61.64 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. The company has a 50-day simple moving average of $194.59 and a 200 day simple moving average of $165.50. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion during 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 revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Dividend Announcement
The company also recently announced 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. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's payout ratio is presently 58.80%.
TE Connectivity Company Profile
(
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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