United Services Automobile Association purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,990 shares of the electronics maker's stock, valued at approximately $993,000.
Several other large investors also recently modified their holdings of the stock. Voleon Capital Management LP increased its stake in shares of TE Connectivity by 97.6% during the 1st quarter. Voleon Capital Management LP now owns 30,254 shares of the electronics maker's stock worth $4,275,000 after purchasing an additional 14,945 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of TE Connectivity by 7.0% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 15,625 shares of the electronics maker's stock worth $2,208,000 after purchasing an additional 1,023 shares during the last quarter. Kestra Investment Management LLC increased its stake in shares of TE Connectivity by 5.5% during the 1st quarter. Kestra Investment Management LLC now owns 9,968 shares of the electronics maker's stock worth $1,409,000 after purchasing an additional 523 shares during the last quarter. Sepio Capital LP increased its stake in shares of TE Connectivity by 28.2% during the 1st quarter. Sepio Capital LP now owns 14,577 shares of the electronics maker's stock worth $2,060,000 after purchasing an additional 3,205 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. purchased a new stake in shares of TE Connectivity during the 1st quarter worth approximately $310,000. Hedge funds and other institutional investors own 91.43% of the company's stock.
Insider Activity
In other news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were 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 of the company's stock, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the sale, the insider directly owned 25,976 shares of the company's stock, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,645 shares of company stock valued at $27,267,158 in the last quarter. 0.90% of the stock is currently owned by company insiders.
TE Connectivity Price Performance
NYSE:TEL traded down $2.69 during trading hours on Friday, hitting $209.71. The stock had a trading volume of 1,576,714 shares, compared to its average volume of 1,464,158. The company has a 50 day simple moving average of $198.35 and a two-hundred day simple moving average of $167.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $215.22. The firm has a market capitalization of $61.96 billion, a price-to-earnings ratio of 43.42, a P/E/G ratio of 2.49 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 the consensus estimate 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 period last year, the firm earned $1.91 EPS. The business's quarterly revenue 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. Research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on TEL shares. UBS Group lifted their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research note on Thursday, July 24th. Evercore ISI lifted their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Robert W. Baird set a $232.00 price objective on shares of TE Connectivity in a research note on Wednesday, September 3rd. Finally, Bank of America lifted their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of "Moderate Buy" and a consensus price target of $199.55.
Get Our Latest Analysis on TE Connectivity
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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