Prospera Financial Services Inc Grows Holdings in TE Connectivity Ltd. $TEL

Prospera Financial Services Inc grew its stake in TE Connectivity Ltd. (NYSE:TEL) by 26.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,561 shares of the electronics maker’s stock after acquiring an additional 2,829 shares during the period. Prospera Financial Services Inc’s holdings in TE Connectivity were worth $3,087,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TEL. Webster Bank N. A. increased its holdings in shares of 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 in the last quarter. Great Lakes Advisors LLC increased its holdings in shares of TE Connectivity by 3.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock valued at $320,000 after purchasing an additional 48 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of TE Connectivity by 1.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,074 shares of the electronics maker’s stock valued at $699,000 after purchasing an additional 49 shares in the last quarter. Security National Bank of SO Dak increased its holdings in shares of TE Connectivity by 0.5% in the 2nd quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after purchasing an additional 50 shares in the last quarter. Finally, Nilsine Partners LLC increased its holdings in shares of TE Connectivity by 5.7% in the 4th quarter. Nilsine Partners LLC now owns 985 shares of the electronics maker’s stock valued at $224,000 after purchasing an additional 53 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 TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,200 shares of company stock worth $6,211,332. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TEL. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company increased their price target on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Stock Performance

NYSE:TEL opened at $209.16 on Wednesday. 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 firm has a 50-day moving average price of $212.34 and a two-hundred day moving average price of $222.77. TE Connectivity Ltd. has a twelve month low of $158.09 and a twelve month high of $252.56. The company has a market capitalization of $61.05 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the firm posted $2.10 EPS. The firm’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. As a group, research analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity announced that its board has initiated a stock buyback program on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

TE Connectivity Increases Dividend

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