Hollencrest Capital Management Has $752,000 Holdings in TE Connectivity Ltd. $TEL

Hollencrest Capital Management lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 31,036.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,425 shares of the electronics maker’s stock after purchasing an additional 3,414 shares during the quarter. Hollencrest Capital Management’s holdings in TE Connectivity were worth $752,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TEL. Princeton Global Asset Management LLC bought a new position in shares of TE Connectivity in the second quarter valued at approximately $26,000. Neo Ivy Capital Management purchased a new stake in shares of TE Connectivity in the second quarter valued at about $30,000. Salomon & Ludwin LLC boosted its holdings in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Caldwell Trust Co purchased a new stake in TE Connectivity in the 2nd quarter valued at about $31,000. Finally, Richardson Financial Services Inc. bought a new position in shares of TE Connectivity in the second quarter valued at approximately $33,000. 91.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TEL. Citigroup increased their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Evercore ISI boosted their price objective on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Oppenheimer raised shares of TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 price objective for the company in a report on Tuesday. UBS Group lifted their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Wells Fargo & Company boosted their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.86.

TE Connectivity Stock Down 3.9%

Shares of NYSE TEL opened at $221.69 on Thursday. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67. The stock has a market capitalization of $65.05 billion, a P/E ratio of 31.99, a PEG ratio of 1.76 and a beta of 1.24. The firm’s 50 day simple moving average is $230.48 and its two-hundred day simple moving average is $220.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

About TE Connectivity

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.