Becker Capital Management Inc. Trims Stock Holdings in TE Connectivity Ltd. $TEL

Becker Capital Management Inc. decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 4.7% in the second quarter, Holdings Channel.com reports. The firm owned 105,021 shares of the electronics maker’s stock after selling 5,234 shares during the quarter. Becker Capital Management Inc.’s holdings in TE Connectivity were worth $17,714,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TEL. Mirae Asset Global Investments Co. Ltd. raised its stake in TE Connectivity by 11.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after buying an additional 4,310 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of TE Connectivity by 54.4% during the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after acquiring an additional 565,857 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after acquiring an additional 410,910 shares in the last quarter. Vise Technologies Inc. bought a new position in TE Connectivity in the 2nd quarter worth about $917,000. Finally, AlphaCore Capital LLC bought a new position in TE Connectivity in the 2nd quarter worth about $370,000. Institutional investors own 91.43% of the company’s stock.

Insider Activity

In other news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on TEL shares. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Robert W. Baird lifted their price objective on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Truist Financial lowered their price objective on shares of TE Connectivity from $255.00 to $239.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Finally, Citigroup lifted their target price on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average price target of $244.77.

TE Connectivity Stock Up 3.2%

Shares of TEL opened at $243.75 on Thursday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. The business’s 50 day simple moving average is $231.45 and its 200-day simple moving average is $204.62. The stock has a market capitalization of $71.71 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

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

About TE Connectivity

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.