Marble Wealth LLC Purchases Shares of 2,372 TE Connectivity Ltd. $TEL

Marble Wealth LLC purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,372 shares of the electronics maker’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEL. Brighton Jones LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at about $820,000. Sivia Capital Partners LLC increased its position in shares of TE Connectivity by 66.7% in the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after acquiring an additional 1,007 shares during the last quarter. Walleye Capital LLC increased its position in shares of TE Connectivity by 14.6% in the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after acquiring an additional 343 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of TE Connectivity by 1,214.0% in the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after acquiring an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of TE Connectivity by 75.0% in the second 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 last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated 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 completion of the transaction, the insider owned 25,976 shares in the company, valued at approximately $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. Insiders sold a total of 28,200 shares of company stock worth $6,140,644 in the last three months. Company insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 1.6%

TE Connectivity stock opened at $218.22 on Thursday. TE Connectivity Ltd. has a 52 week low of $161.30 and a 52 week high of $252.56. 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 stock has a market capitalization of $63.70 billion, a P/E ratio of 22.29, a PEG ratio of 1.52 and a beta of 1.16. The stock has a 50-day simple moving average of $213.91 and a 200 day simple moving average of $221.47.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 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 during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter last year, the company posted $2.10 earnings per share. TE Connectivity’s quarterly revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity declared that its board has approved a share repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio is 31.87%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Wells Fargo & Company lifted their target price on TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, UBS Group lowered their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $256.57.

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.