TE Connectivity Ltd. $TEL Stock Position Lowered by ProShare Advisors LLC

ProShare Advisors LLC trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,749 shares of the electronics maker’s stock after selling 6,128 shares during the period. ProShare Advisors LLC’s holdings in TE Connectivity were worth $22,776,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TEL. Norges Bank acquired a new stake in shares of TE Connectivity in the second quarter worth $609,158,000. Bank of America Corp DE lifted its stake in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares in the last quarter. Dodge & Cox boosted its position in TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after acquiring an additional 1,017,323 shares during the period. Bank of New York Mellon Corp grew its stake in TE Connectivity by 21.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after acquiring an additional 739,453 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in TE Connectivity by 40,481.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock valued at $114,788,000 after acquiring an additional 678,871 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In other news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the sale, the executive vice president directly owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

TE Connectivity Stock Down 0.3%

TEL stock opened at $225.83 on Wednesday. The firm has a market cap of $66.27 billion, a PE ratio of 32.59, a PEG ratio of 1.72 and a beta of 1.24. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a fifty day simple moving average of $230.26 and a 200 day simple moving average of $223.07. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the company earned $1.95 EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given 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 payout ratio is currently 40.98%.

Analyst Ratings Changes

TEL has been the subject of a number of research analyst reports. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Barclays increased their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Wells Fargo & Company upped their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.86.

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.