195 Shares in TE Connectivity Ltd. $TEL Purchased by Richardson Financial Services Inc.

Richardson Financial Services Inc. purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, Holdings Channel reports. The fund purchased 195 shares of the electronics maker’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEL. Brighton Jones LLC purchased a new position in shares of TE Connectivity in the 4th quarter worth about $820,000. Farther Finance Advisors LLC lifted its holdings in TE Connectivity by 27.0% during the first quarter. Farther Finance Advisors LLC now owns 2,042 shares of the electronics maker’s stock valued at $287,000 after purchasing an additional 434 shares during the last quarter. GAMMA Investing LLC lifted its holdings in TE Connectivity by 55.9% during the first quarter. GAMMA Investing LLC now owns 4,977 shares of the electronics maker’s stock valued at $703,000 after purchasing an additional 1,784 shares during the last quarter. SG Americas Securities LLC lifted its holdings in TE Connectivity by 399.9% during the first quarter. SG Americas Securities LLC now owns 27,224 shares of the electronics maker’s stock valued at $3,847,000 after purchasing an additional 21,778 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in TE Connectivity by 2.1% during the first quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker’s stock valued at $3,516,000 after purchasing an additional 511 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the transaction, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,545 shares of company stock valued at $25,040,158 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Trading Down 3.6%

Shares of TEL opened at $214.55 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $210.41 and its 200-day moving average price is $177.26. The stock has a market cap of $63.40 billion, a PE ratio of 44.42, a P/E/G ratio of 2.32 and a beta of 1.26. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $226.40.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. TE Connectivity’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio is 58.80%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TEL. Truist Financial upped their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 24th. The Goldman Sachs Group upped their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday. Barclays started coverage on TE Connectivity in a research report on Tuesday. They set an “overweight” rating and a $249.00 price target on the stock. Finally, UBS Group upped their price target on TE Connectivity from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $219.92.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.