TE Connectivity Ltd. $TEL Shares Sold by AdvisorNet Financial Inc

Key Points

• AdvisorNet Financial cut its TE Connectivity stake by 59.8% in the third quarter, selling 5,033 shares and retaining 3,378 shares worth approximately $710,000. Institutional investors collectively own 91.43% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy, four Hold and one Sell rating. TE Connectivity has a “Moderate Buy” consensus rating and an average price target of $258.07.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in EPS and $5.16 billion in revenue, while revenue increased 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, representing a 1.5% yield.

AdvisorNet Financial Inc lessened its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 59.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,378 shares of the electronics maker's stock after selling 5,033 shares during the period. AdvisorNet Financial Inc's holdings in TE Connectivity were worth $710,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TEL. JNBA Financial Advisors increased its holdings in TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in TE Connectivity in the 2nd quarter valued at $34,000. MV Capital Management Inc. acquired a new position in TE Connectivity in the fourth quarter worth $41,000. Bayban acquired a new position in TE Connectivity during the 4th quarter worth about $44,000. Finally, Fortitude Family Office LLC lifted its position in TE Connectivity by 43.5% during the 3rd quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker's stock worth $45,000 after buying an additional 64 shares in the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TEL. Jefferies Financial Group lowered their price target on shares of TE Connectivity from $265.00 to $235.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. UBS Group boosted their price objective on shares of TE Connectivity from $241.00 to $253.00 and gave the stock a "buy" rating in a research report on Wednesday, October 7th. Robert W. Baird upped their price objective on TE Connectivity from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, October 6th. HSBC decreased their price objective on TE Connectivity from $234.00 to $216.00 and set a "hold" rating on the stock in a research report on Thursday, July 23rd. Finally, Evercore reiterated an "in-line" rating and issued a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $258.07.

TE Connectivity Stock Down 0.4%

NYSE:TEL opened at $212.19 on Friday. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year 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 stock has a market cap of $61.43 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.25 and a beta of 1.14. The stock has a 50-day moving average price of $210.28 and a two-hundred day moving average price of $210.32.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion for 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 quarter in the previous year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts expect that TE Connectivity Ltd. will post 11.49 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. TE Connectivity's dividend payout ratio (DPR) is presently 30.59%.

TE Connectivity Profile

TE Connectivity Ltd. NYSE: TEL is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.

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.