28,881 Shares in TE Connectivity Ltd. $TEL Acquired by Night Squared LP

Night Squared LP purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 28,881 shares of the electronics maker’s stock, valued at approximately $6,571,000. TE Connectivity makes up about 1.9% of Night Squared LP’s investment portfolio, making the stock its 26th largest holding.

A number of other large investors also recently added to or reduced their stakes in the business. Magnetar Financial LLC lifted its holdings in TE Connectivity by 383.1% in the 4th quarter. Magnetar Financial LLC now owns 22,754 shares of the electronics maker’s stock worth $5,177,000 after purchasing an additional 18,044 shares in the last quarter. L2 Asset Management LLC lifted its holdings in TE Connectivity by 7.4% in the 4th quarter. L2 Asset Management LLC now owns 1,488 shares of the electronics maker’s stock worth $339,000 after purchasing an additional 102 shares in the last quarter. 71 West Capital Partners purchased a new position in TE Connectivity in the 4th quarter worth approximately $258,000. Faithward Advisors LLC lifted its holdings in TE Connectivity by 8.3% in the 4th quarter. Faithward Advisors LLC now owns 1,635 shares of the electronics maker’s stock worth $372,000 after purchasing an additional 126 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in TE Connectivity in the 4th quarter worth approximately $5,996,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TEL shares. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Truist Financial reduced their price objective on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Wells Fargo & Company lifted their price objective on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price objective on TE Connectivity in a research note on Wednesday, April 22nd. Finally, HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.79.

TE Connectivity Stock Performance

NYSE:TEL opened at $217.19 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. TE Connectivity Ltd. has a 1 year low of $162.17 and a 1 year high of $252.56. The stock’s 50 day simple moving average is $214.80 and its two-hundred day simple moving average is $220.53. The company has a market cap of $63.40 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.53 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The company’s 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. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 11.28 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, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s payout ratio is currently 31.87%.

TE Connectivity declared that its board has authorized a stock buyback plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 28,200 shares of company stock worth $6,140,644. Insiders own 0.60% of the company’s stock.

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.