TE Connectivity Ltd. $TEL Stock Position Raised by Avanza Fonder AB

Avanza Fonder AB lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,463 shares of the electronics maker’s stock after purchasing an additional 2,827 shares during the period. Avanza Fonder AB’s holdings in TE Connectivity were worth $7,158,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Community Trust & Investment Co. acquired a new position in shares of TE Connectivity in the 4th quarter valued at $224,000. SG Americas Securities LLC raised its holdings in TE Connectivity by 4,066.3% during the 4th quarter. SG Americas Securities LLC now owns 494,833 shares of the electronics maker’s stock worth $112,579,000 after buying an additional 482,956 shares during the period. 180 Wealth Advisors LLC lifted its stake in TE Connectivity by 54.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 4,856 shares of the electronics maker’s stock valued at $1,105,000 after buying an additional 1,709 shares in the last quarter. Gradient Investments LLC lifted its stake in TE Connectivity by 37.5% during the fourth quarter. Gradient Investments LLC now owns 8,838 shares of the electronics maker’s stock valued at $2,011,000 after buying an additional 2,412 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TE Connectivity by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,558 shares of the electronics maker’s stock worth $10,538,000 after buying an additional 1,259 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

NYSE TEL opened at $200.65 on Tuesday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The stock’s 50-day moving average is $221.77 and its two-hundred day moving average is $225.66. The firm has a market cap of $58.88 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last released 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. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.6%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio is 40.98%.

TE Connectivity declared that its board has approved a share repurchase program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on TEL. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. UBS Group boosted their target price on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group set a $306.00 target price on TE Connectivity in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $251.93.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.82, for a total value of $2,197,908.00. Following the transaction, the insider owned 32,541 shares of the company’s stock, valued at $7,608,736.62. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,945 shares of company stock valued at $7,528,616 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

About TE Connectivity

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.