ProShare Advisors LLC Decreases Stock Holdings in TE Connectivity Ltd. $TEL

ProShare Advisors LLC lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 109,877 shares of the electronics maker’s stock after selling 558 shares during the quarter. ProShare Advisors LLC’s holdings in TE Connectivity were worth $18,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TEL. Princeton Global Asset Management LLC acquired a new position in shares of TE Connectivity during the second quarter worth $26,000. Salomon & Ludwin LLC grew its stake in TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Richardson Financial Services Inc. purchased a new position in TE Connectivity during the 2nd quarter worth $33,000. Costello Asset Management INC purchased a new stake in TE Connectivity in the first quarter valued at about $28,000. Finally, Millstone Evans Group LLC acquired a new stake in TE Connectivity in the first quarter worth about $32,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction dated 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TEL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Robert W. Baird upped their price target on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Barclays raised their price target on shares of TE Connectivity from $249.00 to $277.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company raised their target price on TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $241.58.

TE Connectivity Stock Performance

Shares of TEL stock opened at $247.29 on Wednesday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The stock has a market cap of $73.07 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The business has a 50-day simple moving average of $224.44 and a 200-day simple moving average of $193.83.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.TE Connectivity’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.1%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

TE Connectivity 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.