Hsbc Holdings PLC cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,937 shares of the electronics maker's stock after selling 14,051 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of TE Connectivity worth $34,383,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in TE Connectivity during the first quarter worth approximately $28,000. Millstone Evans Group LLC bought a new position in TE Connectivity during the 1st quarter worth $32,000. Dagco Inc. bought a new position in shares of TE Connectivity in the 1st quarter worth about $35,000. North Capital Inc. bought a new position in shares of TE Connectivity in the 1st quarter worth about $46,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of TE Connectivity in the 1st quarter valued at about $47,000. 91.43% of the stock is currently owned by institutional investors.
TE Connectivity Stock Up 0.0%
TEL stock traded up $0.0780 during trading on Monday, hitting $205.0780. 1,315,693 shares of the company's stock traded hands, compared to its average volume of 1,769,425. The business has a fifty day simple moving average of $187.15 and a two-hundred day simple moving average of $162.19. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $212.76. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $60.60 billion, a P/E ratio of 42.46, a PEG ratio of 2.44 and a beta of 1.23.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm's 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 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's payout ratio is presently 58.80%.
Insider Activity at TE Connectivity
In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the firm's stock in a transaction on 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 transaction, the executive vice president directly owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at approximately $4,130,963.28. The trade was a 49.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 138,795 shares of company stock valued at $26,401,597. 0.90% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TEL. Bank of America lifted their price target on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. upped their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Robert W. Baird increased their target price on TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.55.
Check Out Our Latest Stock Report on TE Connectivity
About TE Connectivity
(
Free Report)
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.
See Also
Before you consider TE Connectivity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TE Connectivity wasn't on the list.
While TE Connectivity currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access