Trexquant Investment LP acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 26,588 shares of the electronics maker's stock, valued at approximately $3,757,000.
Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after buying an additional 5,502,415 shares during the period. Dodge & Cox boosted its holdings in TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after buying an additional 56,871 shares during the period. Wellington Management Group LLP boosted its holdings in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock worth $1,054,133,000 after buying an additional 1,097,035 shares during the period. Ameriprise Financial Inc. boosted its holdings in TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock worth $927,571,000 after buying an additional 960,276 shares during the period. Finally, EdgePoint Investment Group Inc. boosted its holdings in TE Connectivity by 15.3% in the 4th quarter. EdgePoint Investment Group Inc. now owns 3,884,050 shares of the electronics maker's stock worth $555,303,000 after buying an additional 516,400 shares during the period. Institutional investors own 91.43% of the company's stock.
TE Connectivity Trading Up 0.0%
Shares of NYSE:TEL traded up $0.05 during trading on Friday, reaching $208.59. The company's stock had a trading volume of 1,047,869 shares, compared to its average volume of 1,504,962. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $212.76. The firm's 50 day simple moving average is $194.59 and its two-hundred day simple moving average is $165.50. The stock has a market capitalization of $61.64 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS 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 the consensus estimate of $4.30 billion. During the same quarter last year, the firm earned $1.91 EPS. The firm's revenue for the quarter 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, research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.
Insider Buying and Selling at TE Connectivity
In related news, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares of the company's stock, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the completion of the sale, the executive vice president directly owned 24,625 shares in the company, valued at $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,645 shares of company stock worth $27,267,158 in the last 90 days. 0.90% of the stock is currently owned by insiders.
Analysts Set New Price Targets
TEL has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. UBS Group boosted their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Bank of America boosted their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Robert W. Baird set a $232.00 price target on shares of TE Connectivity in a research note on Wednesday. Finally, Citigroup boosted their price target on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.55.
Get Our Latest Stock Report on TEL
TE Connectivity Company Profile
(
Free Report)
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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