TE Connectivity Ltd. $TEL Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its stake in TE Connectivity Ltd. (NYSE: TEL) by 21.4%, now owning 80,079 shares valued at approximately $11.3 million.
• Research analysts have recently upgraded the stock, with Wall Street Zen raising its rating from "buy" to "strong-buy" and several analysts increasing their price targets significantly.
• TE Connectivity reported a quarterly EPS of $2.27, exceeding estimates, with revenues of $4.53 billion, reflecting a growth of 13.9% year-over-year.

Rafferty Asset Management LLC decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 21.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,079 shares of the electronics maker's stock after selling 21,748 shares during the period. Rafferty Asset Management LLC's holdings in TE Connectivity were worth $11,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of TE Connectivity by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after purchasing an additional 192 shares during the period. Beverly Hills Private Wealth LLC grew its position in shares of TE Connectivity by 61.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock valued at $1,587,000 after purchasing an additional 4,214 shares during the period. Ameriprise Financial Inc. grew its position in shares of TE Connectivity by 11.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock valued at $801,101,000 after purchasing an additional 592,072 shares during the period. Assenagon Asset Management S.A. grew its position in shares of TE Connectivity by 2.1% in the first quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker's stock valued at $3,516,000 after purchasing an additional 511 shares during the period. Finally, Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at $820,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 0.8%

Shares of TEL traded down $1.72 during midday trading on Monday, reaching $206.33. 1,331,430 shares of the company were exchanged, compared to its average volume of 1,604,158. The stock has a 50-day moving average price of $190.65 and a 200-day moving average price of $163.80. The company has a market cap of $60.96 billion, a price-to-earnings ratio of 42.72, a P/E/G ratio of 2.45 and a beta of 1.23. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $212.76. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last issued 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. The company had revenue of $4.53 billion for 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 quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts expect that TE Connectivity Ltd. will post 8.05 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, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's payout ratio is currently 58.80%.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the transaction, the executive vice president 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 can be accessed through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the transaction, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,795 shares of company stock worth $22,425,847. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Bank of America boosted their price target on TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, Evercore ISI boosted their price target on TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $197.55.

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.