TE Connectivity Ltd. $TEL Shares Sold by First Hawaiian Bank

Key Points

• First Hawaiian Bank has reduced its stake in TE Connectivity Ltd. by 6.1%, holding now 20,118 shares valued at approximately $2.84 million.
• In its most recent earnings report, TE Connectivity reported earnings per share of $2.27, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 13.9%.
• TE Connectivity announced a quarterly dividend of $0.71, set to be paid on December 12th, which equates to an annual yield of 1.4%.

First Hawaiian Bank trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,118 shares of the electronics maker's stock after selling 1,300 shares during the period. First Hawaiian Bank's holdings in TE Connectivity were worth $2,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in shares of TE Connectivity by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock worth $2,479,000 after acquiring an additional 192 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of TE Connectivity by 2.1% during the first quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock worth $3,516,000 after acquiring an additional 511 shares during the last quarter. Brighton Jones LLC bought a new position in shares of TE Connectivity during the fourth quarter worth about $820,000. Robeco Institutional Asset Management B.V. grew its position in shares of TE Connectivity by 0.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 139,758 shares of the electronics maker's stock worth $19,751,000 after acquiring an additional 760 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of TE Connectivity by 7.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,705 shares of the electronics maker's stock worth $5,470,000 after acquiring an additional 2,691 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

Shares of TEL opened at $209.71 on Friday. The firm has a 50-day moving average price of $198.35 and a 200 day moving average price of $167.41. The firm 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 quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $215.22.

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

TE Connectivity Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on TEL. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. UBS Group upped their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research report on Wednesday, September 3rd. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Finally, Wells Fargo & Company increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.55.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were 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 directly owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president directly owned 24,625 shares of the company's stock, valued at $5,154,751.25. This represents a 65.06% 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 valued at $27,267,158 over the last 90 days. Insiders own 0.90% of the company's stock.

TE Connectivity 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.

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