TE Connectivity (NYSE:TEL) Shares Gap Down – What’s Next?

TE Connectivity Ltd. (NYSE:TEL) shares gapped down before the market opened on Wednesday . The stock had previously closed at $233.27, but opened at $226.79. TE Connectivity shares last traded at $230.7340, with a volume of 807,254 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TEL shares. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Robert W. Baird boosted their price target on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Barclays raised their price objective on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, UBS Group raised their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.38.

TE Connectivity Price Performance

The firm has a market cap of $65.71 billion, a P/E ratio of 32.30, a PEG ratio of 1.80 and a beta of 1.24. The business’s fifty day simple moving average is $231.16 and its 200-day simple moving average is $218.81. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37.

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

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s payout ratio is currently 46.18%.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the transaction, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. The trade was a 54.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the sale, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This trade represents a 64.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of TE Connectivity

A number of hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in TE Connectivity by 11.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after acquiring an additional 4,310 shares during the period. Nordea Investment Management AB raised its holdings in shares of TE Connectivity by 54.4% during the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after purchasing an additional 565,857 shares during the last quarter. Vanguard Group Inc. lifted its position in TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after purchasing an additional 410,910 shares during the period. PFG Investments LLC purchased a new stake in TE Connectivity in the second quarter worth approximately $274,000. Finally, Vise Technologies Inc. bought a new stake in TE Connectivity in the 2nd quarter worth approximately $917,000. Institutional investors own 91.43% of the company’s stock.

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.