Arrowstreet Capital Limited Partnership Sells 301,802 Shares of TE Connectivity Ltd. $TEL

Arrowstreet Capital Limited Partnership lessened its stake in TE Connectivity Ltd. (NYSE:TELFree Report) by 9.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,803,365 shares of the electronics maker’s stock after selling 301,802 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in TE Connectivity were worth $585,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in TE Connectivity in the fourth quarter worth $820,000. Sivia Capital Partners LLC grew its stake in TE Connectivity by 66.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after buying an additional 1,007 shares during the last quarter. Walleye Capital LLC boosted its holdings in TE Connectivity by 14.6% in the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock worth $453,000 after acquiring an additional 343 shares in the last quarter. Squarepoint Ops LLC boosted its stake in TE Connectivity by 1,214.0% in the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock worth $17,755,000 after purchasing an additional 97,256 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in TE Connectivity by 75.0% in the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock worth $3,927,000 after purchasing an additional 9,980 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $198.87 on Friday. The stock has a market capitalization of $58.05 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The stock’s 50-day moving average price is $205.41 and its 200-day moving average price is $215.09. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TELGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business earned $2.27 EPS. TE Connectivity’s quarterly revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts expect that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders 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 dividend payout ratio is presently 31.87%.

TE Connectivity News Summary

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

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday. Barclays boosted their price target on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Evercore reissued an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $251.15.

View Our Latest Stock Report on TEL

TE Connectivity Profile

(Free Report)

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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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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