Berger Financial Group Inc Decreases Position in TE Connectivity Ltd. $TEL

Berger Financial Group Inc decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 17.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,740 shares of the electronics maker’s stock after selling 6,411 shares during the quarter. Berger Financial Group Inc’s holdings in TE Connectivity were worth $6,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of TE Connectivity by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock worth $8,741,226,000 after purchasing an additional 168,142 shares in the last quarter. State Street Corp increased its holdings in TE Connectivity by 0.6% in the 4th quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock worth $2,981,572,000 after buying an additional 76,292 shares in the last quarter. Geode Capital Management LLC raised its position in TE Connectivity by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after buying an additional 161,967 shares during the last quarter. Bank of America Corp DE raised its position in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after buying an additional 1,352,152 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in TE Connectivity by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after acquiring an additional 144,353 shares during the period. Institutional investors own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 28,200 shares of company stock valued at $6,140,644. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Stock Performance

TEL opened at $197.63 on Friday. The company’s 50 day moving average is $207.92 and its 200 day moving average is $218.05. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The company has a market cap of $57.69 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.39 and a beta of 1.17. TE Connectivity Ltd. has a 12-month low of $170.58 and a 12-month high of $252.56.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.72 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 11.33 EPS for the current year.

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

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is 31.87%.

Analysts Set New Price Targets

A number of analysts have recently commented on TEL shares. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group dropped their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.93.

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.