Ieq Capital LLC Has $1.88 Million Stake in TE Connectivity Ltd. $TEL

Key Points

• Ieq Capital LLC increased its stake in TE Connectivity by 101.6% in Q1, now holding 13,304 shares valued at approximately $1.88 million.
• TE Connectivity reported a quarterly EPS of $2.27, exceeding estimates by $0.19 and achieving a 13.9% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.71, with a yield of 1.4% and a payout ratio of 58.80%.

Ieq Capital LLC increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 101.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,304 shares of the electronics maker's stock after purchasing an additional 6,705 shares during the quarter. Ieq Capital LLC's holdings in TE Connectivity were worth $1,880,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of TEL. Brighton Jones LLC bought a new stake in TE Connectivity during the 4th quarter worth approximately $820,000. Lido Advisors LLC grew its stake in shares of TE Connectivity by 8.5% during the 4th quarter. Lido Advisors LLC now owns 6,437 shares of the electronics maker's stock worth $920,000 after acquiring an additional 504 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of TE Connectivity by 47.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,910 shares of the electronics maker's stock worth $416,000 after acquiring an additional 938 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of TE Connectivity by 150.0% during the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock worth $71,000 after acquiring an additional 300 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of TE Connectivity during the 4th quarter worth approximately $47,736,000. 91.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TEL shares. Truist Financial raised their price objective on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Bank of America raised their price objective on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. KGI Securities raised shares of TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Wall Street Zen cut shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $199.55.

Insider Buying and Selling at TE Connectivity

In other news, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the sale, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 137,645 shares of company stock worth $27,267,158. Insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

TEL stock traded up $0.05 during midday trading on Friday, reaching $208.59. 1,047,869 shares of the company were exchanged, compared to its average volume of 1,504,962. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The business has a 50-day moving average price of $194.59 and a two-hundred day moving average price of $165.50. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76. The firm has a market capitalization of $61.64 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23.

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, topping analysts' consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

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

About TE Connectivity

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.