ProShare Advisors LLC Has $22.63 Million Stake in TE Connectivity Ltd. $TEL

ProShare Advisors LLC decreased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 4.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 99,476 shares of the electronics maker’s stock after selling 4,273 shares during the period. ProShare Advisors LLC’s holdings in TE Connectivity were worth $22,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TEL. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at $25,000. Caitlin John LLC acquired a new stake in TE Connectivity during the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity in the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. boosted its stake in TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL opened at $201.45 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $212.11 and its 200 day simple moving average is $223.97. The company has a market cap of $58.80 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.39 and a beta of 1.18. TE Connectivity Ltd. has a 1-year low of $155.37 and a 1-year high of $252.56.

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. On average, research analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio is 29.01%.

TE Connectivity announced that its board has initiated a share buyback plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Oppenheimer upped their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wells Fargo & Company raised their price target on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Finally, UBS Group dropped their price objective on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $256.57.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock worth $6,211,332 in the last three months. Company insiders own 0.60% of the company’s stock.

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.