Stock Traders Buy Large Volume of TE Connectivity Call Options (NYSE:TEL)

TE Connectivity Ltd. (NYSE:TEL) was the recipient of some unusual options trading on Friday. Stock investors bought 10,532 call options on the stock. This represents an increase of approximately 679% compared to the average daily volume of 1,352 call options.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

Hedge funds have recently added to or reduced their stakes in the business. FAS Wealth Partners Inc. lifted its holdings in shares of TE Connectivity by 29.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 1,319 shares of the electronics maker’s stock valued at $276,000 after buying an additional 303 shares during the period. DV Trading LLC acquired a new stake in TE Connectivity during the first quarter worth about $220,000. Keel Point LLC raised its position in TE Connectivity by 12.1% during the first quarter. Keel Point LLC now owns 1,715 shares of the electronics maker’s stock valued at $358,000 after acquiring an additional 185 shares in the last quarter. Summitry LLC acquired a new position in TE Connectivity in the first quarter valued at approximately $24,284,000. Finally, Essential Partners LLC boosted its position in TE Connectivity by 63.7% in the 1st quarter. Essential Partners LLC now owns 334 shares of the electronics maker’s stock worth $70,000 after purchasing an additional 130 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TEL shares. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Barclays increased their price objective on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Truist Financial lowered their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. UBS Group cut their price target on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.93.

TE Connectivity Stock Performance

Shares of NYSE:TEL traded down $3.41 during trading on Friday, hitting $196.66. The stock had a trading volume of 1,296,581 shares, compared to its average volume of 2,454,863. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. TE Connectivity has a 12-month low of $166.58 and a 12-month high of $252.56. The stock has a market capitalization of $57.40 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. The stock has a 50-day simple moving average of $212.59 and a two-hundred day simple moving average of $219.53.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating 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 firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. TE Connectivity’s revenue for the quarter 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, equities research analysts expect that TE Connectivity will post 11.31 earnings per share for the current fiscal year.

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

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio is presently 31.87%.

TE Connectivity Company 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.