Norges Bank Acquires New Shares in TE Connectivity Ltd. $TEL

Norges Bank acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,611,540 shares of the electronics maker’s stock, valued at approximately $609,158,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in shares of TE Connectivity during the 4th quarter worth $820,000. Assetmark Inc. lifted its position in TE Connectivity by 14.4% during the 1st quarter. Assetmark Inc. now owns 3,062 shares of the electronics maker’s stock worth $433,000 after acquiring an additional 385 shares during the last quarter. Federated Hermes Inc. boosted its holdings in TE Connectivity by 10.6% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the electronics maker’s stock valued at $185,000 after acquiring an additional 126 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of TE Connectivity in the first quarter valued at about $521,000. Finally, Arkadios Wealth Advisors bought a new position in shares of TE Connectivity in the first quarter worth about $256,000. Institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TEL. Robert W. Baird increased their target price on TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Citigroup raised their price objective on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. TD Cowen upped their target price on shares of TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Barclays increased their price target on shares of TE Connectivity from $277.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.46.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the sale, the insider directly owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 131,171 shares of company stock worth $31,380,209 over the last three months. Company insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $225.90 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56. The company has a 50-day moving average of $228.98 and a 200-day moving average of $200.58. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The company has a market capitalization of $66.46 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.24 and a beta of 1.27.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. The business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.71 per share. 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 (DPR) is 46.18%.

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.