Renaissance Technologies LLC Increases Stock Holdings in TE Connectivity Ltd. $TEL

Renaissance Technologies LLC raised its position in TE Connectivity Ltd. (NYSE:TEL) by 289.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 536,510 shares of the electronics maker’s stock after acquiring an additional 398,710 shares during the quarter. Renaissance Technologies LLC’s holdings in TE Connectivity were worth $112,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of TE Connectivity in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. grew its holdings in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity during the 4th quarter worth approximately $40,000. MV Capital Management Inc. acquired a new stake in TE Connectivity during the 4th quarter worth approximately $41,000. Finally, JFS Wealth Advisors LLC lifted its holdings in TE Connectivity by 54.6% during 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 in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TEL shares. Citigroup cut their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Robert W. Baird cut their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, Evercore reiterated an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $251.15.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL opened at $202.95 on Friday. The firm has a market capitalization of $59.24 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.41 and a beta of 1.17. The firm’s fifty day simple moving average is $205.36 and its 200-day simple moving average is $215.01. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities analysts forecast that TE Connectivity Ltd. will post 11.45 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio is currently 30.59%.

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.