TE Connectivity Ltd. $TEL Stock Position Raised by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its TE Connectivity position by 8.1% in the second quarter, bringing its holdings to 154,278 shares valued at approximately $31.1 million. Institutional investors collectively own 91.43% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $251.36, compared with the stock’s recent price of $214.60.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in EPS and $5.16 billion in revenue, while revenue increased 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, equivalent to a 1.5% yield.

QRG Capital Management Inc. grew its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,278 shares of the electronics maker's stock after buying an additional 11,519 shares during the quarter. QRG Capital Management Inc. owned approximately 0.05% of TE Connectivity worth $31,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TEL. State Street Corp raised its position in TE Connectivity by 5.7% during the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker's stock valued at $2,750,079,000 after acquiring an additional 730,084 shares in the last quarter. Wellington Management Group LLP grew its position in TE Connectivity by 48.2% in the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker's stock worth $1,554,259,000 after acquiring an additional 2,507,569 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TE Connectivity by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker's stock worth $1,425,669,000 after purchasing an additional 161,967 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TE Connectivity by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker's stock valued at $1,001,907,000 after purchasing an additional 144,353 shares in the last quarter. Finally, Norges Bank bought a new position in shares of TE Connectivity during the 4th quarter valued at $938,706,000. Institutional investors own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TEL. Evercore reiterated an "in-line" rating and issued a $230.00 price objective on shares of TE Connectivity in a report on Monday, June 22nd. Robert W. Baird cut their target price on TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Barclays upped their price target on TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company increased their price objective on TE Connectivity from $209.00 to $220.00 and gave the company a "cautious" rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $251.36.

TE Connectivity Stock Performance

Shares of TEL stock traded up $1.12 during trading hours on Wednesday, reaching $214.60. 1,453,176 shares of the company's stock were exchanged, compared to its average volume of 2,407,003. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $62.13 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.41 and a beta of 1.16. The business has a fifty day moving average price of $207.38 and a 200-day moving average price of $208.78.

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

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, November 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity's payout ratio is presently 30.59%.

About TE Connectivity

TE Connectivity Ltd. NYSE: TEL designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.

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