TE Connectivity Ltd. $TEL Stock Holdings Boosted by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group increased its TE Connectivity position by 415.4% in the second quarter, bringing its holdings to 849,218 shares valued at approximately $171.2 million. Institutional investors and hedge funds collectively own 91.43% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $251.15, despite some firms recently lowering their targets.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in adjusted EPS and $5.16 billion in revenue, while revenue grew 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, representing a 1.5% yield.

Alyeska Investment Group L.P. increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 415.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 849,218 shares of the electronics maker's stock after acquiring an additional 684,463 shares during the period. Alyeska Investment Group L.P. owned approximately 0.29% of TE Connectivity worth $171,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC raised its position in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker's stock worth $52,506,000 after acquiring an additional 23,074 shares in the last quarter. Man Group plc boosted its position in shares of TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker's stock valued at $284,941,000 after purchasing an additional 904,468 shares in the last quarter. Swedbank AB grew its stake in shares of TE Connectivity by 8.1% in the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker's stock worth $19,300,000 after purchasing an additional 6,385 shares during the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of TE Connectivity by 575.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker's stock worth $8,303,000 after purchasing an additional 31,096 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in TE Connectivity by 2,766.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker's stock valued at $63,082,000 after purchasing an additional 267,598 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. Evercore reissued an "in-line" rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Barclays lifted their target price on TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, June 15th. Finally, Citigroup decreased their price target on TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and a consensus target price of $251.15.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company's stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company's stock.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $202.79 on Friday. The business has a fifty day simple moving average of $205.23 and a 200 day simple moving average of $211.60. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56. The firm has a market cap of $58.71 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.36 and a beta of 1.16.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity's dividend payout ratio is 30.59%.

About TE Connectivity

TE Connectivity NYSE: TEL is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company's products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.

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