Bridgefront Capital LLC Reduces Position in TE Connectivity Ltd. $TEL

Bridgefront Capital LLC lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 46.9% during the third quarter, Holdings Channel reports. The fund owned 4,582 shares of the electronics maker’s stock after selling 4,045 shares during the quarter. Bridgefront Capital LLC’s holdings in TE Connectivity were worth $1,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEL. Caitlin John LLC acquired a new position in TE Connectivity in the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity during the 3rd quarter worth about $29,000. SOA Wealth Advisors LLC. grew its holdings in shares of TE Connectivity by 47.4% during the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after buying an additional 54 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of TE Connectivity in the third quarter valued at approximately $39,000. Finally, Neo Ivy Capital Management acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This represents a 22.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,945 shares of company stock worth $7,528,616 in the last three months. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Stock Up 0.8%

Shares of TEL opened at $199.35 on Friday. The firm has a market cap of $58.50 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The company’s fifty day moving average is $225.53 and its two-hundred day moving average is $225.82. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

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

TE Connectivity declared that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s payout ratio is currently 40.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TEL. Wells Fargo & Company raised their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a research note on Wednesday, January 21st. TD Cowen restated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, UBS Group increased their target price on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $251.93.

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.