TE Connectivity Ltd. $TEL Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 863,400 shares of the electronics maker’s stock after acquiring an additional 53,700 shares during the quarter. Swiss National Bank’s holdings in TE Connectivity were worth $180,468,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Man Group plc increased its stake in shares of TE Connectivity by 259.9% in the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after acquiring an additional 904,468 shares during the period. Jefferies Financial Group Inc. lifted its position in TE Connectivity by 575.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after purchasing an additional 31,096 shares during the period. Darwin Wealth Management LLC purchased a new stake in TE Connectivity in the fourth quarter valued at $1,983,000. Swedbank AB boosted its holdings in TE Connectivity by 8.1% in the fourth quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock valued at $19,300,000 after purchasing an additional 6,385 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of TE Connectivity by 11.1% during the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after buying an additional 23,074 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $203.22 on Monday. The firm has a 50-day simple moving average of $205.86 and a 200-day simple moving average of $215.85. 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 stock has a market capitalization of $59.32 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. TE Connectivity Ltd. has a 52 week low of $177.21 and a 52 week high of $252.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share 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 firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period in the previous year, the business posted $2.10 earnings per share. TE Connectivity’s quarterly 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, equities analysts predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

Analyst Ratings Changes

TEL has been the topic of several analyst reports. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. UBS Group lowered their price target on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Truist Financial cut their price objective on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $255.31.

Insider Activity

In other 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 value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

TE Connectivity 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.