Short Interest in TE Connectivity Ltd. (NYSE:TEL) Grows By 24.4%

TE Connectivity Ltd. (NYSE:TEL) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 5,168,366 shares, an increase of 24.4% from the November 30th total of 4,156,075 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily volume of 2,202,453 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 2,202,453 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.8% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the transaction, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the transaction, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of TE Connectivity

Several hedge funds have recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new position in shares of TE Connectivity during the 2nd quarter worth $26,000. Caitlin John LLC acquired a new stake in shares of TE Connectivity in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TE Connectivity during the 3rd quarter worth approximately $29,000. Neo Ivy Capital Management purchased a new position in shares of TE Connectivity during the 2nd quarter worth approximately $30,000. Finally, Salomon & Ludwin LLC lifted its stake in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL traded down $2.95 during mid-day trading on Thursday, reaching $227.43. 738,975 shares of the stock were exchanged, compared to its average volume of 1,788,081. The stock has a market capitalization of $66.91 billion, a P/E ratio of 36.98, a P/E/G ratio of 1.77 and a beta of 1.25. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a 50 day simple moving average of $233.87 and a 200-day simple moving average of $211.78. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The business had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the firm posted $1.95 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Analysts anticipate that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Cowen restated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Barclays raised their price target on TE Connectivity from $277.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Citigroup upped their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Wells Fargo & Company raised their target price on TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. Finally, The Goldman Sachs Group boosted their target price on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $244.85.

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.