TE Connectivity Ltd. $TEL Shares Acquired by National Pension Service

Key Points

• National Pension Service increased its TE Connectivity stake by 2.5% in the second quarter, acquiring 27,088 additional shares for a total holding of 1.10 million shares valued at approximately $222.2 million. Institutional investors collectively own 91.43% of the company.
• Analysts maintain a generally positive outlook, with TE Connectivity receiving a “Moderate Buy” consensus rating and an average price target of $251.15, despite several recent target-price reductions.
• TE Connectivity exceeded quarterly expectations with earnings of $2.94 per share and revenue of $5.16 billion, while revenue rose 13.8% year over year. The stock recently opened at $204.38, near its 50- and 200-day moving averages.

National Pension Service grew its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102,295 shares of the electronics maker's stock after purchasing an additional 27,088 shares during the period. National Pension Service owned approximately 0.38% of TE Connectivity worth $222,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JNBA Financial Advisors boosted its stake in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock worth $26,000 after buying an additional 51 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after acquiring an additional 127 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of TE Connectivity during the 2nd quarter valued at about $34,000. Commonwealth Retirement Investments LLC acquired a new position in shares of TE Connectivity during the 4th quarter valued at about $40,000. Finally, MV Capital Management Inc. purchased a new stake in shares of TE Connectivity in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Robert W. Baird decreased their target price on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. Wells Fargo & Company reduced their target price on TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 23rd. Finally, Evercore reaffirmed an "in-line" rating and issued a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $251.15.

TE Connectivity Price Performance

TEL stock opened at $204.38 on Friday. The business's fifty day moving average price is $206.08 and its 200 day moving average price is $209.84. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $59.17 billion, a PE ratio of 20.04, a P/E/G ratio of 1.37 and a beta of 1.16.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to analysts' expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Company Profile

TE Connectivity Ltd. NYSE: TEL designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.