Hsbc Holdings PLC increased its position in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 11.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 230,034 shares of the electronics maker’s stock after buying an additional 23,074 shares during the quarter. Hsbc Holdings PLC’s holdings in TE Connectivity were worth $52,506,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TEL. Kohmann Bosshard Financial Services LLC purchased a new position in shares of TE Connectivity in the 4th quarter valued at about $25,000. Caitlin John LLC purchased a new stake in TE Connectivity in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity in the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. grew its position in shares of TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity in the fourth quarter valued at $40,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at TE Connectivity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 28,200 shares of company stock worth $6,140,644. Insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on TE Connectivity
TE Connectivity Stock Down 4.3%
NYSE:TEL opened at $203.59 on Wednesday. TE Connectivity Ltd. has a one year low of $166.11 and a one year high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company has a market capitalization of $59.43 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The stock has a 50-day simple moving average of $214.04 and a 200 day simple moving average of $220.02.
TE Connectivity (NYSE:TEL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.
TE Connectivity declared that its board has initiated a stock buyback program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
TE Connectivity Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s payout ratio is 31.87%.
TE Connectivity 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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