QRG Capital Management Inc. Acquires 61,371 Shares of TE Connectivity Ltd. $TEL

Key Points

• QRG Capital Management boosted its TE Connectivity stake by 138.7% in Q4, acquiring 61,371 shares and raising its holding to 105,629 shares valued at about $24.03 million.
• TE Connectivity raised its quarterly dividend to $0.78 (annualized $3.12, ~1.5% yield; ex-dividend May 22) and authorized a $3.0 billion share buyback program to repurchase up to roughly 5% of outstanding stock.
• The company beat Q4 estimates with $2.73 EPS and $4.74 billion revenue, provided Q3 2026 guidance of 2.83 EPS, and carries a MarketBeat consensus rating of "Moderate Buy" with a $256.57 target.

QRG Capital Management Inc. grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 138.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,629 shares of the electronics maker's stock after acquiring an additional 61,371 shares during the period. QRG Capital Management Inc.'s holdings in TE Connectivity were worth $24,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its holdings in TE Connectivity by 26,798.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker's stock worth $303,815,000 after buying an additional 1,378,787 shares during the period. Bank of America Corp DE boosted its holdings in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker's stock worth $1,058,390,000 after buying an additional 1,352,152 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in TE Connectivity by 183.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker's stock worth $348,184,000 after buying an additional 990,703 shares during the period. Balyasny Asset Management L.P. boosted its holdings in TE Connectivity by 243.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker's stock worth $298,383,000 after buying an additional 963,123 shares during the period. Finally, Capital International Investors boosted its holdings in TE Connectivity by 44.4% in the 3rd quarter. Capital International Investors now owns 2,626,754 shares of the electronics maker's stock worth $576,384,000 after buying an additional 807,702 shares during the period. Institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 1.0%

Shares of TEL stock opened at $205.40 on Tuesday. The stock has a market cap of $59.96 billion, a P/E ratio of 20.98, a PEG ratio of 1.47 and a beta of 1.18. TE Connectivity Ltd. has a 52 week low of $147.75 and a 52 week high of $252.56. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The company's fifty day simple moving average is $215.86 and its two-hundred day simple moving average is $226.11.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, May 22nd. This is an increase from TE Connectivity's previous quarterly dividend of $0.71. TE Connectivity's dividend payout ratio is presently 31.87%.

TE Connectivity announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on TEL. Barclays dropped their target price on shares of TE Connectivity from $302.00 to $297.00 and set an "overweight" rating for the company in a report on Thursday, April 23rd. Oppenheimer upped their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a report on Wednesday, April 22nd. UBS Group dropped their target price on shares of TE Connectivity from $272.00 to $261.00 and set a "buy" rating for the company in a report on Thursday, April 23rd. Finally, Truist Financial dropped their target price on shares of TE Connectivity from $244.00 to $240.00 and set a "hold" rating for the company in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $256.57.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $223.26, for a total value of $2,098,644.00. Following the sale, the insider owned 25,976 shares in the company, valued at $5,799,401.76. The trade was a 26.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Reuben M. Shaffer sold 1,425 shares of the business's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,345 shares of company stock worth $9,627,260 in the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

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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