Matrix Asset Advisors Inc. NY Cuts Stake in TE Connectivity Ltd. $TEL

Matrix Asset Advisors Inc. NY cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,962 shares of the electronics maker’s stock after selling 11,023 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in TE Connectivity were worth $13,150,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Martingale Asset Management L P raised its position in TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock valued at $255,000 after purchasing an additional 63 shares during the period. Nelson Capital Management LLC grew its stake in shares of TE Connectivity by 0.4% during the second quarter. Nelson Capital Management LLC now owns 15,464 shares of the electronics maker’s stock valued at $2,608,000 after acquiring an additional 63 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of TE Connectivity by 1.4% during the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock valued at $703,000 after acquiring an additional 68 shares in the last quarter. Hickory Point Bank & Trust grew its stake in shares of TE Connectivity by 2.6% during the second quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker’s stock valued at $496,000 after acquiring an additional 75 shares in the last quarter. Finally, AllSquare Wealth Management LLC grew its stake in shares of TE Connectivity by 7.0% during the first quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker’s stock valued at $180,000 after acquiring an additional 83 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares of the company’s stock, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of TE Connectivity stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TEL shares. KGI Securities upgraded TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Robert W. Baird lifted their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group lifted their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Barclays started coverage on TE Connectivity in a research note on Tuesday. They issued an “overweight” rating and a $249.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $219.92.

TE Connectivity Stock Performance

Shares of TEL stock opened at $214.55 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $210.41 and a two-hundred day moving average of $177.26. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $226.40. The company has a market cap of $63.40 billion, a P/E ratio of 44.42, a PEG ratio of 2.32 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.TE Connectivity’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s payout ratio is 58.80%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.