TE Connectivity Ltd. (NYSE:TEL) Sees Significant Growth in Short Interest

TE Connectivity Ltd. (NYSE:TEL) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 6,947,820 shares, a growth of 20.9% from the January 29th total of 5,745,623 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 2,741,901 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 2,741,901 shares, the short-interest ratio is currently 2.5 days. Approximately 2.4% of the shares of the company are sold short.

TE Connectivity Stock Performance

Shares of TE Connectivity stock traded up $1.58 during trading on Thursday, hitting $210.60. 1,705,307 shares of the stock were exchanged, compared to its average volume of 2,333,900. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $250.67. The stock has a market capitalization of $61.80 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The company has a fifty day moving average price of $229.25 and a 200-day moving average price of $225.79. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37.

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

TE Connectivity Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 32,945 shares of company stock worth $7,528,616. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

Institutional investors and hedge funds have recently bought and sold shares of the stock. HHM Wealth Advisors LLC grew its position in TE Connectivity by 11.8% in the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 43 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after acquiring an additional 44 shares in the last quarter. MCF Advisors LLC lifted its holdings in TE Connectivity by 14.1% during the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after acquiring an additional 45 shares during the period. Webster Bank N. A. grew its stake in TE Connectivity by 19.1% in the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 46 shares during the period. Finally, CYBER HORNET ETFs LLC raised its stake in shares of TE Connectivity by 5.6% during the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 47 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TEL shares. Truist Financial raised their target price on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. UBS Group lifted their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Oppenheimer increased their price objective on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $251.93.

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.