AXQ Capital LP Takes Position in TE Connectivity Ltd. $TEL

AXQ Capital LP acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,492 shares of the electronics maker’s stock, valued at approximately $794,000.

Several other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in TE Connectivity during the fourth quarter worth about $25,000. Caitlin John LLC purchased a new position in shares of TE Connectivity during the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TE Connectivity during the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after buying an additional 127 shares during the period. Finally, JFS Wealth Advisors LLC boosted its stake in shares of TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after buying an additional 65 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on TEL shares. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a report on Wednesday, April 22nd. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Truist Financial cut their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Finally, HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $214.57 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. TE Connectivity Ltd. has a 1-year low of $159.41 and a 1-year high of $252.56. The company has a market capitalization of $62.63 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.49 and a beta of 1.16. The business has a 50-day moving average of $213.18 and a 200-day moving average of $221.82.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities analysts anticipate that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

TE Connectivity Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.5%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio (DPR) is 31.87%.

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.