UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Position in TE Connectivity Ltd. $TEL

Key Points

• UBS Asset Management increased its stake in TE Connectivity Ltd. by 7.7%, now owning about 0.92% of the company, with a valued investment of $384.3 million.
• TE Connectivity reported earnings of $2.27 per share for the last quarter, exceeding the expectations of $2.08 and reflecting a revenue increase of 13.9% year-over-year.
• Wall Street analysts maintain a generally positive outlook for TE Connectivity, with an average rating of "Moderate Buy" and a consensus price target around $199.55.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,719,610 shares of the electronics maker's stock after purchasing an additional 193,580 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.92% of TE Connectivity worth $384,335,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TEL. Martingale Asset Management L P boosted its holdings in TE Connectivity by 3.6% in the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock worth $255,000 after buying an additional 63 shares during the last quarter. Ballentine Partners LLC boosted its holdings in TE Connectivity by 1.4% in the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock worth $703,000 after buying an additional 68 shares during the last quarter. Vista Investment Management boosted its holdings in TE Connectivity by 0.5% in the 4th quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock worth $1,891,000 after buying an additional 70 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in TE Connectivity by 2.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock worth $534,000 after buying an additional 75 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in TE Connectivity by 4.3% in the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock worth $275,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 1.3%

Shares of NYSE:TEL traded down $2.69 during trading on Friday, hitting $209.71. The company's stock had a trading volume of 1,576,714 shares, compared to its average volume of 1,478,832. The business has a 50 day moving average price of $198.35 and a two-hundred day moving average price of $167.52. The company has a market capitalization of $61.96 billion, a PE ratio of 43.42, a P/E/G ratio of 2.52 and a beta of 1.23. 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 Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $215.22.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping the consensus estimate of $2.08 by $0.19. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's payout ratio is presently 58.80%.

Insider Activity

In related news, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the business'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 owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,645 shares of company stock worth $27,267,158. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Truist Financial lifted their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Finally, Robert W. Baird set a $232.00 target price on TE Connectivity in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.

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.