Wedbush Securities Inc. Buys 276 Shares of TE Connectivity Ltd. $TEL

Wedbush Securities Inc. lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,188 shares of the electronics maker’s stock after acquiring an additional 276 shares during the quarter. Wedbush Securities Inc.’s holdings in TE Connectivity were worth $1,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Savant Capital LLC raised its position in shares of TE Connectivity by 119.4% in the second quarter. Savant Capital LLC now owns 35,948 shares of the electronics maker’s stock valued at $6,063,000 after purchasing an additional 19,567 shares during the period. Golden State Wealth Management LLC grew its stake in TE Connectivity by 119.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 692 shares of the electronics maker’s stock valued at $117,000 after buying an additional 377 shares in the last quarter. Andra AP fonden lifted its position in shares of TE Connectivity by 0.9% during the second quarter. Andra AP fonden now owns 157,500 shares of the electronics maker’s stock worth $26,566,000 after acquiring an additional 1,400 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of TE Connectivity in the second quarter worth $14,349,000. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of TE Connectivity by 13.7% in the second quarter. Atlantic Union Bankshares Corp now owns 6,923 shares of the electronics maker’s stock worth $1,168,000 after acquiring an additional 834 shares during the period. Institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction dated 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the transaction, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 131,171 shares of company stock worth $31,380,209. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Truist Financial upped their price target on TE Connectivity from $200.00 to $255.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Barclays increased their price target on shares of TE Connectivity from $249.00 to $277.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.58.

TE Connectivity Stock Down 0.1%

TEL stock opened at $242.27 on Friday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The stock has a market cap of $71.59 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $222.75 and its 200 day moving average is $191.97.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. The business had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s payout ratio is 46.18%.

TE Connectivity Profile

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.