Cambiar Investors LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,341 shares of the electronics maker’s stock after selling 25,059 shares during the period. TE Connectivity makes up about 1.6% of Cambiar Investors LLC’s portfolio, making the stock its 28th largest position. Cambiar Investors LLC owned approximately 0.06% of TE Connectivity worth $36,078,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Princeton Global Asset Management LLC acquired a new stake in shares of TE Connectivity in the 2nd quarter worth about $26,000. Neo Ivy Capital Management purchased a new stake in shares of TE Connectivity in the second quarter worth approximately $30,000. Salomon & Ludwin LLC lifted its holdings in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 66 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of TE Connectivity during the second quarter valued at approximately $31,000. Finally, Richardson Financial Services Inc. bought a new stake in TE Connectivity during the second quarter worth $33,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. UBS Group raised their price objective on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Truist Financial boosted their price target on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Evercore ISI lifted their target price on shares of TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Robert W. Baird boosted their target price on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average price target of $250.86.
Insider Transactions at TE Connectivity
In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.
TE Connectivity Stock Performance
Shares of TEL stock opened at $231.01 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The firm has a market cap of $67.78 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 1.72 and a beta of 1.24. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The firm’s 50-day simple moving average is $230.71 and its two-hundred day simple moving average is $220.57.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the business posted $1.95 EPS. TE Connectivity’s quarterly revenue was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
TE Connectivity Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.
TE Connectivity Company 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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