QRG Capital Management Inc. Sells 5,227 Shares of TE Connectivity Ltd. $TEL

QRG Capital Management Inc. lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,494 shares of the electronics maker’s stock after selling 5,227 shares during the quarter. QRG Capital Management Inc.’s holdings in TE Connectivity were worth $18,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in TE Connectivity by 4.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,430 shares of the electronics maker’s stock valued at $410,000 after acquiring an additional 98 shares in the last quarter. Hilltop National Bank bought a new position in TE Connectivity in the 2nd quarter valued at $70,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TE Connectivity by 11.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after purchasing an additional 4,310 shares in the last quarter. Kennebec Savings Bank grew its position in shares of TE Connectivity by 5.8% during the 2nd quarter. Kennebec Savings Bank now owns 4,152 shares of the electronics maker’s stock valued at $700,000 after purchasing an additional 228 shares in the last quarter. Finally, Naples Global Advisors LLC increased its holdings in shares of TE Connectivity by 11.3% in the second quarter. Naples Global Advisors LLC now owns 17,319 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 1,760 shares during the period. 91.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TEL. Truist Financial boosted their target price on TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 31st. The Goldman Sachs Group upped their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Bank of America lifted their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.36.

Insider Buying and Selling at TE Connectivity

In other news, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president 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, SVP Malavika Sagar sold 1,945 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $221.00 on Friday. The stock’s 50-day moving average is $208.91 and its 200 day moving average is $174.72. The stock has a market cap of $65.30 billion, a price-to-earnings ratio of 45.75, a P/E/G ratio of 2.39 and a beta of 1.26. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $224.97. 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 (NYSE:TEL) last issued 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. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side analysts anticipate 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, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s payout ratio is currently 58.80%.

About TE Connectivity

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.