UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 98.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,188 shares of the electronics maker’s stock after selling 2,229,956 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TE Connectivity were worth $5,078,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in TEL. Gulf International Bank UK Ltd lifted its stake in TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after buying an additional 44 shares during the period. MCF Advisors LLC increased its stake in shares of TE Connectivity by 14.1% in the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after acquiring an additional 45 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in shares of TE Connectivity by 5.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after acquiring an additional 47 shares during the period. Harbour Investments Inc. boosted its stake in TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after acquiring an additional 48 shares during the last quarter. Finally, Security National Bank of SO Dak boosted its stake in TE Connectivity by 0.5% during the 2nd quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after acquiring an additional 50 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TEL has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Citigroup decreased their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Barclays raised their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. Wells Fargo & Company reduced their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, Robert W. Baird lowered their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $251.15.
TE Connectivity Stock Down 1.7%
Shares of TEL stock opened at $205.05 on Wednesday. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $205.88 and a 200-day moving average of $210.25. The company has a market capitalization of $59.36 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.40 and a beta of 1.16.
TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.
About TE Connectivity
TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.
The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.
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