AXQ Capital LP bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 3,492 shares of the electronics maker’s stock, valued at approximately $794,000.
A number of other institutional investors and hedge funds also recently modified their holdings of TEL. Kohmann Bosshard Financial Services LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $25,000. Caitlin John LLC acquired a new stake in TE Connectivity during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity in the third quarter worth about $29,000. Geneos Wealth Management Inc. boosted its stake in TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 127 shares during the period. Finally, JFS Wealth Advisors LLC grew its holdings in shares of TE Connectivity by 54.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 65 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TEL shares. Wells Fargo & Company increased their price target on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $256.57.
TE Connectivity Trading Up 1.6%
TE Connectivity stock opened at $214.57 on Wednesday. TE Connectivity Ltd. has a 12-month low of $159.41 and a 12-month high of $252.56. The stock has a market capitalization of $62.63 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The firm has a 50 day simple moving average of $213.18 and a 200-day simple moving average of $221.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20.
TE Connectivity (NYSE:TEL – Get Free Report) last released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the previous year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.
TE Connectivity Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, May 22nd. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio is presently 31.87%.
TE Connectivity declared that its board has authorized a stock repurchase plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
Insider Buying and Selling
In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock worth $6,140,644 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.
About TE Connectivity
TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.
The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.
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