Credit Agricole S A raised its stake in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,235 shares of the electronics maker’s stock after buying an additional 5,242 shares during the quarter. Credit Agricole S A’s holdings in TE Connectivity were worth $10,915,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in TE Connectivity by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker’s stock valued at $2,479,000 after buying an additional 192 shares during the period. J. Safra Sarasin Holding AG grew its position in TE Connectivity by 128.4% in the fourth quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker’s stock worth $2,219,000 after acquiring an additional 8,728 shares in the last quarter. Beverly Hills Private Wealth LLC grew its position in TE Connectivity by 61.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker’s stock worth $1,587,000 after acquiring an additional 4,214 shares in the last quarter. Ameriprise Financial Inc. grew its position in TE Connectivity by 11.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker’s stock worth $801,101,000 after acquiring an additional 592,072 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in TE Connectivity by 2.1% in the first quarter. Assenagon Asset Management S.A. now owns 24,879 shares of the electronics maker’s stock worth $3,516,000 after acquiring an additional 511 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on TEL shares. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Robert W. Baird boosted their target price on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Hsbc Global Res raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 24th. Citigroup boosted their target price on shares of TE Connectivity from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Vertical Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.55.
TE Connectivity Price Performance
Shares of TE Connectivity stock opened at $201.4470 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. The firm has a fifty day moving average price of $184.83 and a two-hundred day moving average price of $160.78. The company has a market cap of $59.52 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.23.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm earned $1.91 EPS. The business’s revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio is 58.80%.
Insider Activity at TE Connectivity
In other news, SVP Malavika Sagar sold 1,945 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. This represents a 29.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,795 shares of company stock valued at $26,401,597 in the last quarter. Company insiders own 0.90% of the company’s stock.
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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