TE Connectivity (NYSE:TEL) Hits New 1-Year High - Here's What Happened

Key Points

• TE Connectivity shares reached a new 52-week high, trading at $221.00, with a last trade price of $219.47 on increased volume.
• Analysts have mixed ratings on the stock, with one strong buy, eight buy, and four hold ratings, and a consensus target price of $199.55.
• The company recently announced a quarterly dividend of $0.71, representing an annualized value of $2.84 and a dividend yield of 1.3%, with an ex-dividend date set for November 21st.

Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $221.00 and last traded at $219.47, with a volume of 1092808 shares changing hands. The stock had previously closed at $218.59.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TEL. KGI Securities raised TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. UBS Group increased their price target on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 31st. Truist Financial increased their price target on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Finally, Wells Fargo & Company increased their price target on TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $199.55.

TE Connectivity Stock Up 0.4%

The stock has a fifty day moving average price of $204.12 and a 200 day moving average price of $170.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The stock has a market capitalization of $64.85 billion, a P/E ratio of 45.44, a price-to-earnings-growth ratio of 2.60 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.91 earnings per share. The business's revenue for the quarter 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 forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction 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 completion of the sale, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,645 shares of company stock worth $27,267,158. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors and hedge funds have recently made changes to their positions in TEL. Vanguard Group Inc. raised its position in TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after purchasing an additional 5,502,415 shares in the last quarter. Norges Bank purchased a new stake in TE Connectivity during the second quarter valued at about $609,158,000. Valeo Financial Advisors LLC raised its position in TE Connectivity by 39,846.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker's stock valued at $299,490,000 after purchasing an additional 1,771,153 shares in the last quarter. Bank of America Corp DE raised its position in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker's stock valued at $1,058,390,000 after purchasing an additional 1,352,152 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in TE Connectivity during the first quarter valued at about $174,700,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

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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