Fideuram Intesa Sanpaolo Private Banking S.P.A. Raises Stake in TE Connectivity Ltd. $TEL

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,305 shares of the electronics maker’s stock after acquiring an additional 2,769 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in TE Connectivity were worth $5,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in TE Connectivity in the fourth quarter valued at approximately $938,706,000. J. Stern & Co. LLP bought a new stake in TE Connectivity during the 4th quarter valued at $445,402,000. Arrowstreet Capital Limited Partnership boosted its position in TE Connectivity by 124.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock valued at $706,457,000 after buying an additional 1,721,235 shares during the period. Bank of America Corp DE raised its stake in shares of TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after acquiring an additional 1,352,152 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of TE Connectivity by 183.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after purchasing an additional 990,703 shares during the period. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the subject of a number of recent analyst reports. Barclays upped their price target on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. UBS Group cut their price target 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. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $226.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research note on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.93.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated 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 completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock worth $6,140,644 in the last ninety days. 0.60% of the stock is owned by company insiders.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $197.63 on Friday. The company has a 50 day simple moving average of $208.39 and a two-hundred day simple moving average of $218.19. TE Connectivity Ltd. has a fifty-two week low of $170.58 and a fifty-two week high of $252.56. The company has a market capitalization of $57.69 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.42 and a beta of 1.17. 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 posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the business posted $2.10 EPS. The firm’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. Analysts expect that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio is currently 31.87%.

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

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.