Lyell Wealth Management LP Takes $1.07 Million Position in TE Connectivity Ltd. $TEL

Lyell Wealth Management LP bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,312 shares of the electronics maker’s stock, valued at approximately $1,065,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Costello Asset Management INC bought a new stake in TE Connectivity during the first quarter worth about $28,000. Salomon & Ludwin LLC raised its holdings in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares in the last quarter. Millstone Evans Group LLC bought a new stake in TE Connectivity during the first quarter worth about $32,000. Richardson Financial Services Inc. bought a new stake in TE Connectivity during the second quarter worth about $33,000. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in TE Connectivity during the first quarter worth about $34,000. Institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TEL. UBS Group upped their target price on TE Connectivity from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. KGI Securities upgraded TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Wells Fargo & Company upped their price objective on TE Connectivity from $198.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Finally, Evercore ISI upped their price objective on TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $219.92.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,545 shares of company stock worth $25,040,158 over the last three months. Company insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

TE Connectivity stock opened at $223.33 on Monday. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $226.50. The stock’s 50 day moving average is $212.45 and its 200-day moving average is $180.36. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $65.99 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 2.41 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio is presently 58.80%.

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.