Y Intercept Hong Kong Ltd Purchases 43,075 Shares of TE Connectivity Ltd. $TEL

Y Intercept Hong Kong Ltd raised its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 213.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,266 shares of the electronics maker’s stock after purchasing an additional 43,075 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TE Connectivity were worth $13,224,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of TE Connectivity during the 4th quarter valued at $40,000. MV Capital Management Inc. bought a new position in TE Connectivity in the 4th quarter worth $41,000. JFS Wealth Advisors LLC boosted its holdings in TE Connectivity by 54.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after buying an additional 65 shares during the period. Finally, Westfuller Advisors LLC increased its stake in TE Connectivity by 120.2% in the 4th quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock worth $42,000 after buying an additional 101 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Transactions at TE Connectivity

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 transaction of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 28,200 shares of company stock valued at $6,140,644. Insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 1.9%

Shares of TEL stock opened at $197.63 on Friday. The company’s fifty day simple moving average is $208.39 and its two-hundred day simple moving average is $218.19. TE Connectivity Ltd. has a 52 week low of $170.58 and a 52 week high of $252.56. The stock has a market cap of $57.69 billion, a P/E ratio of 20.19, a PEG ratio of 1.42 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts predict that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. TE Connectivity’s payout ratio is presently 31.87%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TEL shares. Evercore reissued an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Barclays increased their target price on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a research note on Wednesday, April 22nd. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $254.93.

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.