TE Connectivity Ltd. $TEL Shares Acquired by Hsbc Holdings PLC

Key Points

• HSBC Holdings PLC increased its stake in TE Connectivity by 11.1% in the fourth quarter, ending with 230,034 shares valued at about $52.5 million. Institutional ownership remains very high, with hedge funds and other institutions holding 91.43% of the stock.
• Insider selling has continued, with Shadrak W. Kroeger selling 9,400 shares for about $2.02 million under a pre-arranged Rule 10b5-1 plan. In the last three months, insiders have sold 28,200 shares worth roughly $6.14 million.
• TE Connectivity reported solid quarterly results, beating earnings and revenue estimates, and the company also authorized a $3 billion share buyback plus a quarterly dividend of $0.78 per share. Analysts currently have a consensus rating of “Moderate Buy” with an average price target of $254.64.

Hsbc Holdings PLC lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 230,034 shares of the electronics maker's stock after acquiring an additional 23,074 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of TE Connectivity worth $52,506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEL. Gulf International Bank UK Ltd grew its position in TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker's stock worth $3,412,000 after purchasing an additional 44 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker's stock worth $83,000 after buying an additional 45 shares during the last quarter. Webster Bank N. A. raised its holdings in shares of TE Connectivity by 19.1% in the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker's stock worth $65,000 after buying an additional 46 shares during the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of TE Connectivity by 5.6% during the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker's stock worth $202,000 after buying an additional 47 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of TE Connectivity by 4.2% during the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker's stock valued at $271,000 after buying an additional 48 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

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 that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider owned 25,976 shares of the company's stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 valued at $6,140,644. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TEL has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a research note on Wednesday, April 22nd. Jefferies Financial Group raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. HSBC lowered shares of TE Connectivity from a "buy" rating to a "hold" rating and set a $234.00 target price on the stock. in a research note on Thursday, April 23rd. Wall Street Zen lowered TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $254.64.

TE Connectivity Trading Down 4.3%

Shares of TEL stock opened at $203.59 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The stock has a market cap of $59.43 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.51 and a beta of 1.16. The company's 50-day moving average price is $214.04 and its 200-day moving average price is $220.02. TE Connectivity Ltd. has a twelve month low of $166.11 and a twelve month high of $252.56.

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, equities analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity's dividend payout ratio (DPR) is currently 31.87%.

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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