SBI Okasan Asset Management Co.Ltd. Makes New $4.66 Million Investment in TE Connectivity Ltd. $TEL

Key Points

• SBI Okasan Asset Management opened a new position in TE Connectivity during the fourth quarter, buying 20,100 shares valued at about $4.66 million. The stake represents roughly 0.3% of its portfolio and ranks as its 13th largest holding.
• TE Connectivity reported better-than-expected quarterly results, with EPS of $2.73 versus $2.70 expected and revenue of $4.74 billion, up 14.4% year over year. The company also issued Q3 2026 guidance of $2.83 EPS.
• The company raised its quarterly dividend to $0.78 per share from $0.71 and authorized a $3.0 billion share buyback. Institutional ownership remains high, with hedge funds and other institutions holding 91.43% of the stock.

SBI Okasan Asset Management Co.Ltd. acquired a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,100 shares of the electronics maker's stock, valued at approximately $4,659,000. TE Connectivity accounts for about 0.3% of SBI Okasan Asset Management Co.Ltd.'s portfolio, making the stock its 13th largest holding.

A number of other large investors have also modified their holdings of TEL. Arrowstreet Capital Limited Partnership raised its position in shares of TE Connectivity by 26,798.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker's stock worth $303,815,000 after purchasing an additional 1,378,787 shares during the last quarter. Bank of America Corp DE raised its position in shares of TE Connectivity by 27.5% during 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 purchasing an additional 1,352,152 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of TE Connectivity by 183.6% during 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 purchasing an additional 990,703 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of TE Connectivity by 243.2% during 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 purchasing an additional 963,123 shares during the last quarter. Finally, Capital International Investors raised its position in shares of TE Connectivity by 44.4% during the 3rd quarter. Capital International Investors now owns 2,626,754 shares of the electronics maker's stock worth $576,384,000 after purchasing an additional 807,702 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TEL shares. Oppenheimer upped their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. Wall Street Zen downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 2nd. UBS Group cut their price objective 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. Truist Financial cut their price objective 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. Finally, The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $256.57.

TE Connectivity Stock Up 1.0%

TEL stock opened at $210.85 on Friday. The company has a market cap of $61.55 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.48 and a beta of 1.18. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12 month low of $158.09 and a 12 month high of $252.56. The firm has a 50-day moving average of $212.58 and a two-hundred day moving average of $222.32.

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

TE Connectivity Increases Dividend

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

TE Connectivity announced that its Board of Directors has initiated a share buyback program on Wednesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a 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. In the last three months, insiders have sold 28,200 shares of company stock worth $6,211,332. 0.60% of the stock is owned by company 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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