Prasad Wealth Partners LLC Buys New Shares in TE Connectivity Ltd. $TEL

Prasad Wealth Partners LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,845 shares of the electronics maker’s stock, valued at approximately $1,013,000.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TE Connectivity during the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in TE Connectivity in the fourth quarter worth approximately $40,000. MV Capital Management Inc. bought a new stake in TE Connectivity in the fourth quarter worth approximately $41,000. JFS Wealth Advisors LLC lifted its stake in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after buying an additional 65 shares during the period. Finally, Westfuller Advisors LLC lifted its stake in TE Connectivity by 120.2% in the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock valued at $42,000 after buying an additional 101 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated 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 in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Stock Performance

NYSE TEL opened at $197.63 on Friday. The company has a market cap of $57.69 billion, a P/E ratio of 20.19, a PEG ratio of 1.42 and a beta of 1.17. The company has a fifty day simple moving average of $208.39 and a 200 day simple moving average of $218.19. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12-month low of $170.58 and a 12-month high of $252.56.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. The business’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. Sell-side analysts predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity declared that its board has authorized a share buyback plan on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is currently 31.87%.

Wall Street Analysts Forecast Growth

TEL has been the subject of several recent analyst reports. Evercore reaffirmed an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Truist Financial reduced their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.93.

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.