TE Connectivity Ltd. $TEL Shares Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. increased its stake in TE Connectivity Ltd. by 27.9%, acquiring a total of 426,888 shares valued at approximately $60.3 million as of the latest reporting period.
• Insider trading activity included the sale of 23,850 shares by a company insider, resulting in a 47.87% decrease in their holdings, with total insider sales in the last ninety days amounting to $27.3 million.
• TE Connectivity's recent earnings report showed a stronger-than-expected performance, reporting $2.27 EPS, surpassing analyst expectations and reflecting a 13.9% year-over-year revenue increase.

Alyeska Investment Group L.P. lifted its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 426,888 shares of the electronics maker's stock after purchasing an additional 93,001 shares during the quarter. Alyeska Investment Group L.P. owned about 0.14% of TE Connectivity worth $60,328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased its holdings in shares of TE Connectivity by 32.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 140,698 shares of the electronics maker's stock valued at $19,883,000 after purchasing an additional 34,625 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of TE Connectivity by 4.0% in the first quarter. Federation des caisses Desjardins du Quebec now owns 23,295 shares of the electronics maker's stock valued at $3,292,000 after purchasing an additional 896 shares during the last quarter. Perbak Capital Partners LLP acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $240,000. EP Wealth Advisors LLC increased its holdings in shares of TE Connectivity by 22.2% in the first quarter. EP Wealth Advisors LLC now owns 2,369 shares of the electronics maker's stock valued at $335,000 after purchasing an additional 430 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in TE Connectivity by 9.7% in the first quarter. Focus Partners Advisor Solutions LLC now owns 8,092 shares of the electronics maker's stock worth $1,144,000 after acquiring an additional 717 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Trading Up 0.5%

TEL opened at $205.57 on Thursday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $212.76. The business has a fifty day simple moving average of $192.97 and a 200-day simple moving average of $164.74. The firm has a market cap of $60.74 billion, a P/E ratio of 42.56, a P/E/G ratio of 2.45 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

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

TE Connectivity Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TEL. Robert W. Baird set a $232.00 price objective on TE Connectivity in a research report on Wednesday. Evercore ISI increased their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. UBS Group increased their price objective on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wells Fargo & Company increased their price objective on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Finally, Citigroup increased their price objective on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $199.55.

TE Connectivity Company 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.

Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.