GHP Investment Advisors Inc. boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 30.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,063 shares of the electronics maker’s stock after buying an additional 246 shares during the quarter. GHP Investment Advisors Inc.’s holdings in TE Connectivity were worth $179,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock valued at $5,353,401,000 after buying an additional 5,502,415 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of TE Connectivity by 39,846.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock valued at $299,490,000 after buying an additional 1,771,153 shares during the last quarter. Nuveen LLC acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $174,700,000. Wellington Management Group LLP lifted its position in shares of TE Connectivity by 17.2% in the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock valued at $1,054,133,000 after buying an additional 1,097,035 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of TE Connectivity by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock valued at $927,571,000 after buying an additional 960,276 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.
TE Connectivity Price Performance
TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the company earned $1.95 EPS. The company’s revenue was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on TEL shares. UBS Group raised their price objective on TE Connectivity from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup raised their price objective on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Truist Financial lifted their price target on TE Connectivity from $200.00 to $255.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $239.25.
Check Out Our Latest Stock Analysis on TE Connectivity
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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