TE Connectivity Ltd. $TEL Shares Sold by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC has reduced its stake in TE Connectivity by 4.7%, now holding 43,390 shares valued at approximately $7.3 million.
• Analysts have upgraded TE Connectivity's stock price targets, with Goldman Sachs raising it to $263.00, indicating a "buy" rating and a consensus rating currently at "Moderate Buy."
• Insider selling has been notable, with EVP John S. Jenkins selling over 45,000 shares, reflecting a significant drop in his ownership position by 65.06%.

Yousif Capital Management LLC lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 4.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,390 shares of the electronics maker's stock after selling 2,152 shares during the period. Yousif Capital Management LLC's holdings in TE Connectivity were worth $7,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TEL. Costello Asset Management INC acquired a new position in TE Connectivity during the first quarter worth $28,000. Millstone Evans Group LLC purchased a new stake in shares of TE Connectivity in the 1st quarter valued at $32,000. Richardson Financial Services Inc. acquired a new position in TE Connectivity in the 2nd quarter valued at about $33,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity in the 1st quarter valued at about $34,000. Finally, Ransom Advisory Ltd acquired a new position in TE Connectivity in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Wall Street Analyst Weigh In

TEL has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $198.00 to $215.00 and gave the company an "equal weight" rating in a research note on Thursday, September 25th. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. The Goldman Sachs Group upped their price objective on TE Connectivity from $228.00 to $263.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. UBS Group increased their price objective on shares of TE Connectivity from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Finally, Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $219.92.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is currently owned by insiders.

TE Connectivity Trading Up 0.6%

Shares of TE Connectivity stock opened at $220.74 on Wednesday. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $226.40. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 45.70, a PEG ratio of 2.37 and a beta of 1.26. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $211.10 and a 200-day simple moving average of $178.31.

TE Connectivity (NYSE:TEL - Get Free Report) last announced 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 firm 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 company earned $1.91 earnings per share. TE Connectivity'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. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's dividend payout ratio is presently 58.80%.

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.

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