HighTower Advisors LLC Buys 28,421 Shares of TE Connectivity Ltd. $TEL

HighTower Advisors LLC boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 59.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 76,147 shares of the electronics maker’s stock after acquiring an additional 28,421 shares during the period. HighTower Advisors LLC’s holdings in TE Connectivity were worth $15,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of TE Connectivity by 19,772.4% in the 2nd quarter. California State Teachers Retirement System now owns 92,477,499 shares of the electronics maker’s stock worth $18,644,389,000 after purchasing an additional 92,012,142 shares during the period. State Street Corp increased its position in shares of TE Connectivity by 0.6% during the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock worth $2,981,572,000 after buying an additional 76,292 shares during the period. Wellington Management Group LLP increased its position in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock worth $1,554,259,000 after buying an additional 2,507,569 shares during the period. Geode Capital Management LLC raised its stake in TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after buying an additional 161,967 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in TE Connectivity by 27.5% in 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 buying an additional 1,352,152 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $204.71 on Thursday. The stock has a market capitalization of $59.26 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. The company’s 50-day moving average is $205.95 and its 200-day moving average is $210.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TEL. Citigroup cut their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. UBS Group reissued a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Robert W. Baird cut their target price on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Evercore reaffirmed an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a research note on Monday, June 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.