Voleon Capital Management LP Grows Position in TE Connectivity Ltd. $TEL

Key Points

• Voleon Capital Management LP increased its stake in TE Connectivity Ltd. by 97.6%, holding 30,254 shares valued at approximately $4.3 million as of the end of the first quarter.
• TE Connectivity reported earnings of $2.27 per share for the most recent quarter, outperforming analyst expectations and showing a 13.9% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.71 per share, reflecting an annualized dividend of $2.84 with a dividend yield of 1.4%.

Voleon Capital Management LP boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 97.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,254 shares of the electronics maker's stock after acquiring an additional 14,945 shares during the quarter. Voleon Capital Management LP's holdings in TE Connectivity were worth $4,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TEL. Costello Asset Management INC purchased a new position in shares of TE Connectivity in the 1st quarter valued at about $28,000. Millstone Evans Group LLC purchased a new position in shares of TE Connectivity in the 1st quarter valued at about $32,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of TE Connectivity in the 1st quarter valued at about $34,000. Dagco Inc. purchased a new position in shares of TE Connectivity in the 1st quarter valued at about $35,000. Finally, North Capital Inc. purchased a new position in shares of TE Connectivity in the 1st quarter valued at about $46,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Trading Up 0.0%

TEL opened at $208.59 on Monday. The firm has a market cap of $61.64 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $212.76. The business's 50 day moving average is $194.59 and its two-hundred day moving average is $165.63. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.91 EPS. The company's revenue was up 13.9% on a year-over-year basis. 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 year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Insider Buying and Selling

In related news, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 in the company, valued at $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,645 shares of company stock valued at $27,267,158. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price objective on TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on TE Connectivity from $186.00 to $204.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. UBS Group raised their target price on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Bank of America raised their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TE Connectivity presently has a consensus rating of "Moderate Buy" and an average target price of $199.55.

TE Connectivity Company Profile

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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