28,404 Shares in TE Connectivity Ltd. $TEL Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,404 shares of the electronics maker’s stock, valued at approximately $5,937,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oslo Pensjonsforsikring AS bought a new position in shares of TE Connectivity in the 1st quarter worth $320,000. Baader Bank Aktiengesellschaft boosted its position in TE Connectivity by 15.9% during the first quarter. Baader Bank Aktiengesellschaft now owns 3,893 shares of the electronics maker’s stock valued at $814,000 after purchasing an additional 534 shares in the last quarter. Glenview Trust Co grew its stake in TE Connectivity by 23.6% in the first quarter. Glenview Trust Co now owns 2,442 shares of the electronics maker’s stock valued at $510,000 after purchasing an additional 466 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in TE Connectivity in the first quarter valued at about $100,000. Finally, Johnson Financial Group Inc. raised its holdings in TE Connectivity by 126.0% in the first quarter. Johnson Financial Group Inc. now owns 5,646 shares of the electronics maker’s stock worth $1,180,000 after purchasing an additional 3,148 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

More TE Connectivity News

Here are the key news stories impacting TE Connectivity this week:

• Positive Sentiment: TE Connectivity posted Q3 EPS of $2.94, topping estimates, with revenue up 13.8% year over year and record sales of $5.16 billion, showing solid demand across its businesses. PRNewswire earnings release
• Positive Sentiment: The company issued fourth-quarter guidance above consensus, calling for EPS of $3.05 and revenue of about $5.3 billion, signaling continued momentum into the next quarter. Reuters outlook article
• Positive Sentiment: Management pointed to strong AI-related and industrial demand as key drivers, suggesting the company is benefiting from secular growth trends rather than a one-quarter rebound. TipRanks earnings call summary
• Neutral Sentiment: Investors also noted unusual call-option activity ahead of the results, which may reflect rising speculation around the earnings release rather than a fundamental change. U.S. News stock page

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Truist Financial decreased their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. UBS Group lowered their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.31.

TE Connectivity Price Performance

NYSE TEL opened at $200.16 on Thursday. The company has a market cap of $58.43 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The stock’s fifty day moving average price is $205.57 and its 200 day moving average price is $215.33. TE Connectivity Ltd. has a 1 year low of $187.00 and a 1 year high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TE Connectivity’s payout ratio is 31.87%.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate 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.