SVB Wealth LLC Decreases Position in TE Connectivity Ltd. $TEL

Key Points

• SVB Wealth LLC has reduced its stake in TE Connectivity Ltd. by 22.8% in the 1st quarter, leaving them with 19,041 shares valued at approximately $2.69 million.
• TE Connectivity has reported a quarterly EPS of $2.27, surpassing analysts' expectations, and a revenue of $4.53 billion, marking a 13.9% year-over-year increase.
• The company declared a quarterly dividend of $0.71 per share, effective for shareholders on record by August 22nd, resulting in an annualized yield of 1.4%.

SVB Wealth LLC lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,041 shares of the electronics maker's stock after selling 5,614 shares during the period. SVB Wealth LLC's holdings in TE Connectivity were worth $2,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. Brighton Jones LLC purchased a new position in TE Connectivity in the 4th quarter worth $820,000. Jump Financial LLC purchased a new position in TE Connectivity in the 4th quarter worth $325,000. MML Investors Services LLC raised its stake in TE Connectivity by 5.7% in the 4th quarter. MML Investors Services LLC now owns 24,007 shares of the electronics maker's stock worth $3,432,000 after acquiring an additional 1,285 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in TE Connectivity by 2.4% in the 4th quarter. OneDigital Investment Advisors LLC now owns 7,654 shares of the electronics maker's stock worth $1,094,000 after acquiring an additional 178 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in TE Connectivity by 413.2% in the 4th quarter. Hsbc Holdings PLC now owns 257,988 shares of the electronics maker's stock worth $36,965,000 after acquiring an additional 207,715 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Trading Up 2.3%

TEL opened at $204.8070 on Friday. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The stock has a market capitalization of $60.52 billion, a PE ratio of 42.40, a P/E/G ratio of 2.38 and a beta of 1.23. The business's 50 day moving average price is $186.36 and its 200 day moving average price is $161.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity (NYSE:TEL - Get Free Report) last released 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 firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the prior year, the firm posted $1.91 earnings per share. The firm's quarterly revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio is 58.80%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TEL shares. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research note on Friday, July 11th. KGI Securities upgraded TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Citigroup lifted their price objective on TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird lifted their price objective on TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and an average price target of $197.55.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the transaction, the executive vice president directly owned 24,625 shares in the company, valued at $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,795 shares of company stock valued at $26,401,597 over the last three months. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Profile

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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