Paradiem LLC decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 20.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,885 shares of the electronics maker’s stock after selling 13,443 shares during the period. TE Connectivity makes up about 2.4% of Paradiem LLC’s investment portfolio, making the stock its 19th largest position. Paradiem LLC’s holdings in TE Connectivity were worth $10,845,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in TE Connectivity during the 4th quarter valued at about $820,000. Sivia Capital Partners LLC lifted its stake in TE Connectivity by 66.7% in the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 1,007 shares during the last quarter. Walleye Capital LLC boosted its position in shares of TE Connectivity by 14.6% during the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after buying an additional 343 shares during the period. Squarepoint Ops LLC grew its stake in shares of TE Connectivity by 1,214.0% during the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after buying an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of TE Connectivity by 75.0% during the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after buying an additional 9,980 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Truist Financial decreased their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. UBS Group reduced their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Barclays lifted their target price on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Wall Street Zen lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.92.
TE Connectivity Trading Down 0.3%
TEL opened at $199.80 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $206.75 and its two-hundred day moving average is $216.93. The company has a market capitalization of $58.32 billion, a P/E ratio of 20.41, a PEG ratio of 1.40 and a beta of 1.17. TE Connectivity Ltd. has a 52 week low of $173.54 and a 52 week high of $252.56.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the business earned $2.10 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts forecast that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.
TE Connectivity Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. TE Connectivity’s dividend payout ratio is 31.87%.
Insider Transactions at TE Connectivity
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 transaction of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.
TE Connectivity Company Profile
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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