Hsbc Holdings PLC Boosts Position in TE Connectivity Ltd. $TEL

Hsbc Holdings PLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 11.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 230,034 shares of the electronics maker’s stock after purchasing an additional 23,074 shares during the period. Hsbc Holdings PLC’s holdings in TE Connectivity were worth $52,506,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TEL. Man Group plc grew its holdings in TE Connectivity by 259.9% during the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after purchasing an additional 904,468 shares during the period. Darwin Wealth Management LLC bought a new position in shares of TE Connectivity in the fourth quarter worth about $1,983,000. Jefferies Financial Group Inc. lifted its position in shares of TE Connectivity by 575.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after buying an additional 31,096 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of TE Connectivity by 2,766.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock valued at $63,082,000 after purchasing an additional 267,598 shares during the period. Finally, NewEdge Wealth LLC lifted its stake in shares of TE Connectivity by 20.4% during the 4th quarter. NewEdge Wealth LLC now owns 41,715 shares of the electronics maker’s stock valued at $9,491,000 after buying an additional 7,057 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research report on Wednesday, April 22nd. Finally, UBS Group decreased their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.93.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock worth $6,140,644 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

TE Connectivity Stock Up 0.1%

Shares of TEL opened at $197.63 on Monday. 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 fifty day simple moving average of $207.92 and a two-hundred day simple moving average of $217.96. TE Connectivity Ltd. has a 52-week low of $170.58 and a 52-week high of $252.56. The company has a market capitalization of $57.69 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $2.10 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 11.33 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders 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 dividend on an annualized basis and a yield of 1.6%. TE Connectivity’s payout ratio is presently 31.87%.

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

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.