Mitsubishi UFJ Asset Management Co. Ltd. Acquires 39,805 Shares of TE Connectivity Ltd. $TEL

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in TE Connectivity Ltd. (NYSE:TEL) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 565,834 shares of the electronics maker’s stock after purchasing an additional 39,805 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of TE Connectivity worth $95,439,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TEL. Brighton Jones LLC bought a new position in TE Connectivity in the 4th quarter worth about $820,000. Concurrent Investment Advisors LLC raised its stake in shares of TE Connectivity by 9.6% during the first quarter. Concurrent Investment Advisors LLC now owns 2,031 shares of the electronics maker’s stock valued at $287,000 after acquiring an additional 178 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of TE Connectivity by 68.9% in the first quarter. Axxcess Wealth Management LLC now owns 3,816 shares of the electronics maker’s stock valued at $539,000 after purchasing an additional 1,557 shares during the period. Alps Advisors Inc. grew its stake in TE Connectivity by 4.1% in the first quarter. Alps Advisors Inc. now owns 28,296 shares of the electronics maker’s stock worth $3,999,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in TE Connectivity by 3.6% during the 1st quarter. Cerity Partners LLC now owns 40,486 shares of the electronics maker’s stock worth $5,721,000 after purchasing an additional 1,389 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI upped their target price on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. UBS Group increased their target price on shares of TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Finally, Citigroup upped their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $241.58.

Insider Activity at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This trade represents a 47.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 131,171 shares of company stock valued at $31,380,209 in the last ninety days. Company insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL stock opened at $242.27 on Friday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56. The firm has a market capitalization of $71.59 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.24 and a beta of 1.27. The stock’s 50-day simple moving average is $222.75 and its 200-day simple moving average is $191.97.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating the consensus estimate of $2.29 by $0.15. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. TE Connectivity’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. TE Connectivity’s payout ratio is 46.18%.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.