Headlands Technologies LLC acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,535 shares of the electronics maker’s stock, valued at approximately $511,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth about $820,000. Sivia Capital Partners LLC raised 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 valued at $425,000 after purchasing an additional 1,007 shares in the last quarter. Walleye Capital LLC lifted its position in 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 purchasing an additional 343 shares during the last quarter. Squarepoint Ops LLC grew its stake in TE Connectivity by 1,214.0% in the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock worth $17,755,000 after buying an additional 97,256 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in TE Connectivity by 75.0% in the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock worth $3,927,000 after buying an additional 9,980 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on TEL shares. Wells Fargo & Company lowered their price objective on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Robert W. Baird cut their target price on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. UBS Group reissued a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a research note on Thursday, July 23rd. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Finally, Citigroup dropped their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.15.
TE Connectivity Stock Down 2.8%
Shares of NYSE TEL opened at $202.18 on Thursday. The stock has a market capitalization of $58.53 billion, a P/E ratio of 19.82, a PEG ratio of 1.39 and a beta of 1.16. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The firm’s 50 day simple moving average is $205.23 and its two-hundred day simple moving average is $211.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.
TE Connectivity (NYSE:TEL – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business posted $2.27 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.
TE Connectivity Announces Dividend
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 given 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, August 21st. TE Connectivity’s dividend payout ratio is presently 30.59%.
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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