Tidal Investments LLC Grows Stock Holdings in TE Connectivity Ltd. $TEL

Key Points

• Tidal Investments increased its TE Connectivity stake by 13.9% in the second quarter, adding 5,753 shares for a total position worth approximately $9.5 million. Institutional investors collectively own 91.43% of the company.
• TE Connectivity reported stronger-than-expected quarterly results, with EPS of $2.94 versus the $2.85 consensus and revenue of $5.16 billion, up 13.8% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $252, despite some recent target reductions and rating changes.

Tidal Investments LLC lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 13.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,226 shares of the electronics maker's stock after purchasing an additional 5,753 shares during the period. Tidal Investments LLC's holdings in TE Connectivity were worth $9,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JNBA Financial Advisors boosted its stake in shares of TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in TE Connectivity during the 2nd quarter worth $34,000. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity during the 4th quarter valued at about $40,000. Finally, MV Capital Management Inc. acquired a new position in TE Connectivity during the 4th quarter valued at about $41,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Up 3.7%

NYSE TEL opened at $212.18 on Friday. The business has a fifty day moving average price of $206.37 and a 200 day moving average price of $209.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The company has a market cap of $61.43 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.42 and a beta of 1.16. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56.

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, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to analysts' expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TEL shares. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Weiss Ratings reissued a "buy (b)" rating on shares of TE Connectivity in a report on Friday, July 24th. Evercore reiterated an "in-line" rating and issued a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. UBS Group restated a "buy" rating and set a $241.00 target price on shares of TE Connectivity in a research report on Thursday, July 23rd. Finally, Citigroup cut their price target on TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus price target of $252.00.

TE Connectivity Profile

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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