Korea Investment CORP Purchases 12,676 Shares of TE Connectivity Ltd. $TEL

Korea Investment CORP raised its position in TE Connectivity Ltd. (NYSE:TEL) by 6.2% during the third quarter, HoldingsChannel.com reports. The firm owned 217,899 shares of the electronics maker’s stock after purchasing an additional 12,676 shares during the period. Korea Investment CORP’s holdings in TE Connectivity were worth $47,835,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TEL. Caitlin John LLC bought a new position in shares of TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of TE Connectivity in the third quarter worth approximately $29,000. Neo Ivy Capital Management bought a new stake in shares of TE Connectivity during the 2nd quarter worth approximately $30,000. Caldwell Trust Co purchased a new position in TE Connectivity during the 2nd quarter valued at $31,000. Finally, Geneos Wealth Management Inc. boosted its holdings in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 127 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Down 2.2%

Shares of TEL stock opened at $205.99 on Monday. The stock’s fifty day moving average price is $228.29 and its 200 day moving average price is $226.03. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The company has a market cap of $60.44 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates 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 revenue was up 21.7% compared to the same quarter last year. During the same period last year, the business posted $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

Analysts Set New Price Targets

A number of analysts have weighed in on TEL shares. UBS Group increased their target price on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Wells Fargo & Company upped their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Barclays lifted their price objective on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, The Goldman Sachs Group set a $306.00 price objective on shares of TE Connectivity in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

Insiders Place Their Bets

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the sale, the insider directly owned 32,541 shares in the company, valued at $7,608,736.62. This trade represents a 22.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,945 shares of company stock valued at $7,528,616. Insiders own 0.60% of the company’s stock.

TE Connectivity 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.