Wealthfront Advisers LLC Grows Stock Position in TE Connectivity Ltd. $TEL

Wealthfront Advisers LLC grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,733 shares of the electronics maker’s stock after purchasing an additional 2,448 shares during the quarter. Wealthfront Advisers LLC’s holdings in TE Connectivity were worth $8,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. Caitlin John LLC purchased a new stake in TE Connectivity in the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd purchased a new stake in TE Connectivity in the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. increased its holdings in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in TE Connectivity in the 3rd quarter worth approximately $39,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TEL. Truist Financial reduced their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company increased their target price on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. UBS Group reduced their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a report on Thursday, April 23rd. Finally, Oppenheimer increased their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $256.57.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the completion of the transaction, the insider directly owned 32,541 shares in the company, valued at approximately $7,608,736.62. This represents a 22.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the transaction, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 42,345 shares of company stock worth $9,627,260. 0.60% of the stock is currently owned by insiders.

TE Connectivity Stock Up 0.3%

NYSE TEL opened at $204.89 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company has a market capitalization of $60.12 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.48 and a beta of 1.26. TE Connectivity Ltd. has a one year low of $142.45 and a one year high of $252.56. The stock has a 50 day moving average price of $216.27 and a 200-day moving average price of $226.12.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion during 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 company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, equities analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio is currently 31.87%.

TE Connectivity announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.