Amundi Has $137.37 Million Holdings in TE Connectivity Ltd. $TEL

Key Points

• Amundi has reduced its stake in TE Connectivity Ltd. by 5.1% in the first quarter, now holding approximately 1,056,860 shares valued at about $137.37 million.
• TE Connectivity's stock performance shows a current market capitalization of $61.64 billion and a recent earnings report indicated a positive EPS of $2.27, exceeding analysts' expectations.
• The company has announced a quarterly dividend of $0.71, which is set to be paid on September 12th, representing an annualized dividend of $2.84 with a yield of 1.4%.

Amundi trimmed its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,056,860 shares of the electronics maker's stock after selling 56,514 shares during the period. Amundi owned about 0.36% of TE Connectivity worth $137,371,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after acquiring an additional 5,502,415 shares during the period. Nuveen LLC bought a new stake in TE Connectivity in the 1st quarter valued at $174,700,000. Wellington Management Group LLP lifted its holdings in shares of TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock worth $1,054,133,000 after acquiring an additional 1,097,035 shares during the period. Ameriprise Financial Inc. boosted its position in shares of TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after acquiring an additional 960,276 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in TE Connectivity in the fourth quarter valued at about $127,351,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Trading Up 0.3%

TEL traded up $0.70 during trading on Tuesday, reaching $208.57. 1,117,156 shares of the company's stock were exchanged, compared to its average volume of 1,820,227. The company's fifty day moving average price is $195.36 and its 200-day moving average price is $166.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The firm has a market capitalization of $61.63 billion, a PE ratio of 43.18, a P/E/G ratio of 2.48 and a beta of 1.23. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76.

TE Connectivity (NYSE:TEL - Get Free Report) last announced 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. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

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

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction dated 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 directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction dated 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 sale, the insider owned 25,976 shares of the company's stock, valued at $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock worth $27,267,158 over the last three months. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several analyst reports. KGI Securities upgraded TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. The Goldman Sachs Group restated a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Evercore ISI raised their price target on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Truist Financial lifted their price target on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price target 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 equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, TE Connectivity presently has a consensus rating of "Moderate Buy" and a consensus target price 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.