VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in TE Connectivity Ltd. $TEL

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 114,000 shares of the electronics maker’s stock, valued at approximately $22,984,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its holdings in shares of TE Connectivity by 3.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 109,839 shares of the electronics maker’s stock worth $22,145,000 after acquiring an additional 4,039 shares during the period. California State Teachers Retirement System raised its holdings in TE Connectivity by 19,772.4% during the second quarter. California State Teachers Retirement System now owns 92,477,499 shares of the electronics maker’s stock worth $18,644,389,000 after purchasing an additional 92,012,142 shares during the last quarter. Studio Investment Management LLC raised its holdings in TE Connectivity by 1.5% during the second quarter. Studio Investment Management LLC now owns 6,824 shares of the electronics maker’s stock worth $1,376,000 after purchasing an additional 104 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in TE Connectivity by 37.7% during the second quarter. Washington Trust Advisors Inc. now owns 329 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 90 shares in the last quarter. Finally, Kintra Wealth LLC acquired a new stake in TE Connectivity in the second quarter valued at $209,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

TE Connectivity stock opened at $208.67 on Tuesday. The stock has a fifty day moving average price of $205.82 and a 200 day moving average price of $210.46. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The firm has a market capitalization of $60.41 billion, a P/E ratio of 20.46, a PEG ratio of 1.40 and a beta of 1.16. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TEL shares. Citigroup cut their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. UBS Group reissued a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Evercore restated an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. Finally, Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.15.

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.