NEOS Investment Management LLC Purchases 5,416 Shares of TE Connectivity Ltd. $TEL

NEOS Investment Management LLC grew its position in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 12.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,262 shares of the electronics maker’s stock after purchasing an additional 5,416 shares during the quarter. NEOS Investment Management LLC’s holdings in TE Connectivity were worth $9,528,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in TE Connectivity during the fourth quarter valued at approximately $938,706,000. Wellington Management Group LLP lifted its holdings in shares of TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock worth $1,554,259,000 after acquiring an additional 2,507,569 shares during the last quarter. J. Stern & Co. LLP purchased a new stake in shares of TE Connectivity in the 4th quarter valued at $445,402,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of TE Connectivity by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock valued at $706,457,000 after purchasing an additional 1,721,235 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. 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. Wells Fargo & Company dropped their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Evercore reaffirmed an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Finally, Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $251.15.

View Our Latest Research Report on TE Connectivity

TE Connectivity Price Performance

Shares of TEL stock opened at $208.67 on Friday. The business’s fifty day moving average is $205.62 and its 200 day moving average is $210.83. 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 stock has a market cap of $60.41 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.40 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56.

TE Connectivity (NYSE:TELGet Free Report) last announced 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 during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts expect that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

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 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 yield of 1.5%. TE Connectivity’s payout ratio is presently 30.59%.

About TE Connectivity

(Free Report)

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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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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