Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys 2,769 Shares of TE Connectivity Ltd. $TEL

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its stake in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,305 shares of the electronics maker’s stock after acquiring an additional 2,769 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in TE Connectivity were worth $5,916,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in TE Connectivity in the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity during the 4th quarter valued at $40,000. MV Capital Management Inc. bought a new position in shares of TE Connectivity during the 4th quarter valued at $41,000. JFS Wealth Advisors LLC boosted its stake in shares of TE Connectivity by 54.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after buying an additional 65 shares during the last quarter. Finally, Westfuller Advisors LLC grew its holdings in shares of TE Connectivity by 120.2% in the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 101 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock worth $6,140,644 over the last quarter. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research note on Wednesday, April 22nd. Finally, Evercore reissued an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average price target of $254.93.

View Our Latest Report on TE Connectivity

TE Connectivity Price Performance

NYSE TEL opened at $197.63 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12 month low of $170.58 and a 12 month high of $252.56. The stock has a market cap of $57.69 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.42 and a beta of 1.17. The company’s 50 day moving average is $208.39 and its two-hundred day moving average is $218.19.

TE Connectivity (NYSE:TELGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, research analysts anticipate that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is presently 31.87%.

TE Connectivity Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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