Atlantic Union Bankshares Corp Buys 3,447 Shares of TE Connectivity Ltd. $TEL

Atlantic Union Bankshares Corp increased its stake in TE Connectivity Ltd. (NYSE:TEL) by 49.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,370 shares of the electronics maker’s stock after acquiring an additional 3,447 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in TE Connectivity were worth $2,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in shares of TE Connectivity by 54.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock worth $269,723,000 after purchasing an additional 565,857 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after acquiring an additional 410,910 shares in the last quarter. J. Safra Sarasin Holding AG lifted its holdings in shares of TE Connectivity by 132.5% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock worth $2,952,000 after acquiring an additional 7,664 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of TE Connectivity during the 2nd quarter valued at $917,000. Finally, AlphaCore Capital LLC bought a new stake in TE Connectivity in the second quarter worth $370,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL opened at $226.25 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock has a market capitalization of $66.39 billion, a PE ratio of 32.65, a PEG ratio of 1.73 and a beta of 1.24. The stock has a 50-day simple moving average of $231.00 and a 200-day simple moving average of $222.25.

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

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s payout ratio is presently 40.98%.

Analyst Ratings Changes

TEL has been the subject of a number of recent research reports. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Truist Financial upped their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Robert W. Baird raised their price target on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, UBS Group increased their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, TE Connectivity has a consensus 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.