TE Connectivity Ltd. $TEL Stake Lessened by Fisher Funds Management LTD

Fisher Funds Management LTD lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 7.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,700 shares of the electronics maker’s stock after selling 2,677 shares during the quarter. Fisher Funds Management LTD’s holdings in TE Connectivity were worth $6,835,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity during the 4th quarter worth about $25,000. Caitlin John LLC purchased a new position in TE Connectivity during the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TE Connectivity in the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its position in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth approximately $40,000. 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 firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The transaction 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 quarter, insiders have sold 28,200 shares of company stock worth $6,140,644. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Trading Up 0.2%

Shares of NYSE TEL opened at $218.03 on Monday. The stock has a market cap of $63.64 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.54 and a beta of 1.16. The business has a 50 day simple moving average of $214.88 and a 200 day simple moving average of $220.33. TE Connectivity Ltd. has a 52 week low of $162.17 and a 52 week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89.

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

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

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s dividend payout ratio is 31.87%.

Analysts Set New Price Targets

A number of brokerages recently commented on TEL. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. UBS Group cut 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 report on Thursday, April 23rd. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a report on Thursday, April 23rd. Finally, Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.64.

TE Connectivity 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.