Prime Capital Investment Advisors LLC Decreases Position in TE Connectivity Ltd. $TEL

Prime Capital Investment Advisors LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 25.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,333 shares of the electronics maker’s stock after selling 807 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in TE Connectivity were worth $394,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in TE Connectivity during the first quarter worth approximately $28,000. Millstone Evans Group LLC purchased a new stake in TE Connectivity during the first quarter worth approximately $32,000. Ransom Advisory Ltd purchased a new stake in TE Connectivity during the first quarter worth approximately $34,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in TE Connectivity during the first quarter worth approximately $34,000. Finally, Dagco Inc. acquired a new position in TE Connectivity during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on TE Connectivity from $186.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Wells Fargo & Company lifted their price target on TE Connectivity from $198.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 25th. Barclays assumed coverage on TE Connectivity in a research report on Tuesday. They set an “overweight” rating and a $249.00 price target on the stock. The Goldman Sachs Group lifted their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Robert W. Baird lifted their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $219.92.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the company’s 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 represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Malavika Sagar sold 1,945 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company’s stock, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Down 3.6%

TEL opened at $214.55 on Friday. The business’s fifty day moving average is $210.41 and its two-hundred day moving average is $177.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The company has a market cap of $63.40 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.32 and a beta of 1.26. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $226.40.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) 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 business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $1.91 earnings per share. The business’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. Analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS 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 paid a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s dividend 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.