Third View Private Wealth LLC Acquires Shares of 12,928 TE Connectivity Ltd. $TEL

Key Points

• Third View Private Wealth LLC bought a new stake of 12,928 shares of TE Connectivity (TEL), valued at about $2.94 million in the fourth quarter.
• TE Connectivity beat quarterly estimates with $2.72 EPS and $4.67B revenue (up 21.7% YoY), set Q2 guidance at 2.65 EPS, raised its quarterly dividend to $0.78 and authorized a $3.0 billion share buyback (up to 5% of shares).
• Despite strong results and a 91.43% institutional ownership, insiders sold a total of 42,345 shares worth about $9.63 million in the last three months, while analysts maintain an overall "Moderate Buy" consensus.

Third View Private Wealth LLC acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,928 shares of the electronics maker's stock, valued at approximately $2,941,000.

A number of other hedge funds have also bought and sold shares of TEL. Brighton Jones LLC bought a new position in TE Connectivity during the fourth quarter valued at $820,000. Sivia Capital Partners LLC increased its position in TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker's stock valued at $425,000 after acquiring an additional 1,007 shares during the last quarter. Walleye Capital LLC increased its position in TE Connectivity by 14.6% during the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker's stock valued at $453,000 after acquiring an additional 343 shares during the last quarter. Squarepoint Ops LLC increased its position in TE Connectivity by 1,214.0% during the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker's stock valued at $17,755,000 after acquiring an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC increased its position in TE Connectivity by 75.0% during the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker's stock valued at $3,927,000 after acquiring an additional 9,980 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

TE Connectivity Trading Up 1.8%

NYSE TEL opened at $233.88 on Tuesday. The company's 50-day moving average price is $216.25 and its 200-day moving average price is $225.65. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market cap of $68.63 billion, a PE ratio of 33.75, a PEG ratio of 1.66 and a beta of 1.26. TE Connectivity Ltd. has a 12 month low of $125.42 and a 12 month high of $250.67.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business's revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 22nd. This is a positive change from TE Connectivity's previous quarterly dividend of $0.71. TE Connectivity's dividend payout ratio (DPR) is currently 45.02%.

TE Connectivity announced that its board has authorized a share repurchase program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TEL. Barclays boosted their price objective on shares of TE Connectivity from $297.00 to $302.00 and gave the company an "overweight" rating in a research report on Friday, January 23rd. Truist Financial boosted their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the company a "hold" rating in a research report on Thursday, January 22nd. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, March 23rd. Weiss Ratings upgraded shares of TE Connectivity from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, February 6th. Finally, UBS Group upped their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a "buy" rating in a report on Wednesday, January 14th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $249.47.

Insiders Place Their Bets

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the transaction, the insider owned 32,541 shares in the company, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,345 shares of company stock worth $9,627,260 in the last three months. Corporate insiders own 0.60% of the company's stock.

TE Connectivity Profile

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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