Hsbc Holdings PLC Increases Holdings in TE Connectivity Ltd. $TEL

Hsbc Holdings PLC increased its position in TE Connectivity Ltd. (NYSE:TEL) by 385.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,115,692 shares of the electronics maker’s stock after buying an additional 885,658 shares during the quarter. Hsbc Holdings PLC’s holdings in TE Connectivity were worth $232,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Seelaus Asset Management LLC raised its stake in shares of TE Connectivity by 23.8% during the first quarter. Seelaus Asset Management LLC now owns 3,637 shares of the electronics maker’s stock worth $760,000 after acquiring an additional 700 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of TE Connectivity by 27.5% in the 1st quarter. Frank Rimerman Advisors LLC now owns 4,849 shares of the electronics maker’s stock valued at $1,014,000 after purchasing an additional 1,045 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of TE Connectivity by 3.0% in the 1st quarter. Resonant Capital Advisors LLC now owns 6,585 shares of the electronics maker’s stock valued at $1,376,000 after purchasing an additional 191 shares in the last quarter. Burney Co. bought a new position in shares of TE Connectivity during the 1st quarter valued at $515,000. Finally, Swedbank AB raised its position in TE Connectivity by 1.0% in the 1st quarter. Swedbank AB now owns 85,685 shares of the electronics maker’s stock worth $17,910,000 after purchasing an additional 854 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.3%

NYSE:TEL opened at $203.22 on Friday. The firm has a market capitalization of $59.32 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.43 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $205.86 and a 200 day moving average of $215.96. TE Connectivity Ltd. has a 52 week low of $177.21 and a 52 week high of $252.56.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter last year, the firm earned $2.10 EPS. The company’s 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 predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is currently 31.87%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TEL. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Evercore reissued an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a research note on Monday, June 22nd. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a report on Wednesday, April 22nd. Finally, Citigroup reduced their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.31.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

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.