TE Connectivity Ltd. $TEL Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,231 shares of the electronics maker’s stock after acquiring an additional 4,813 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TE Connectivity were worth $10,369,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in shares of TE Connectivity by 11.8% during the third quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after buying an additional 43 shares in the last quarter. Dakota Community Bank & Trust NA grew its holdings in TE Connectivity by 5.4% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock worth $209,000 after acquiring an additional 49 shares in the last quarter. Security National Bank of SO Dak increased its position 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 worth $1,833,000 after purchasing an additional 50 shares during the last quarter. Csenge Advisory Group lifted its position in shares of TE Connectivity by 3.2% during the third quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after purchasing an additional 50 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in TE Connectivity by 1.6% in the second quarter. Fidelis Capital Partners LLC now owns 3,349 shares of the electronics maker’s stock worth $565,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction 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 $11,246,066.45. This represents a 64.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 1.6%

TEL stock opened at $222.58 on Friday. The firm has a market cap of $65.31 billion, a PE ratio of 32.12, a P/E/G ratio of 1.72 and a beta of 1.24. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $230.79 and a 200 day simple moving average of $220.93.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Equities research analysts forecast that TE Connectivity Ltd. 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. Shareholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio is currently 40.98%.

Analysts Set New Price Targets

TEL has been the topic of a number of research analyst reports. Evercore ISI increased their target price on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Oppenheimer upgraded TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 price target for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $250.86.

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.