Czech National Bank Grows Position in TE Connectivity Ltd. $TEL

Czech National Bank grew its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 83,085 shares of the electronics maker’s stock after buying an additional 3,170 shares during the period. Czech National Bank’s holdings in TE Connectivity were worth $16,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TEL. Brighton Jones LLC acquired a new position in shares of TE Connectivity in the fourth quarter valued at about $820,000. Sivia Capital Partners LLC increased its holdings in TE Connectivity by 66.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after buying an additional 1,007 shares during the period. Walleye Capital LLC increased its holdings in TE Connectivity by 14.6% in the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock worth $453,000 after buying an additional 343 shares during the period. Squarepoint Ops LLC raised its position in TE Connectivity by 1,214.0% during the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock worth $17,755,000 after buying an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in TE Connectivity by 75.0% during the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after acquiring an additional 9,980 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 0.6%

Shares of TE Connectivity stock opened at $216.39 on Friday. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The company has a market cap of $62.65 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The firm has a 50-day simple moving average of $206.67 and a two-hundred day simple moving average of $213.40.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. The firm 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%.TE Connectivity’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Analyst Ratings Changes

TEL has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a report on Wednesday, April 22nd. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.

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.