Engineers Gate Manager LP decreased its position in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 17.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,918 shares of the electronics maker’s stock after selling 9,580 shares during the period. Engineers Gate Manager LP’s holdings in TE Connectivity were worth $9,459,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Gulf International Bank UK Ltd lifted its stake in shares of TE Connectivity by 0.3% in the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after purchasing an additional 44 shares during the period. MCF Advisors LLC grew its stake in TE Connectivity by 14.1% during the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares during the period. CYBER HORNET ETFs LLC increased its holdings in TE Connectivity by 5.6% in the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 47 shares in the last quarter. Harbour Investments Inc. increased its holdings in TE Connectivity by 4.2% in the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after purchasing an additional 48 shares in the last quarter. Finally, Security National Bank of SO Dak lifted its stake in TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after buying an additional 50 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Evercore reaffirmed an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. UBS Group reiterated a “buy” rating and set a $241.00 target price on shares of TE Connectivity in a research report on Thursday, July 23rd. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Wells Fargo & Company reduced their price target on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. 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 MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $251.15.
TE Connectivity Trading Down 0.1%
Shares of TE Connectivity stock opened at $204.38 on Friday. The stock has a market capitalization of $59.17 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The stock has a 50 day moving average price of $206.08 and a two-hundred day moving average price of $209.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its earnings results 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 return on equity of 24.59% and a net margin of 15.61%.The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. TE Connectivity’s revenue for the quarter 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, equities analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.
TE Connectivity Profile
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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