State of Alaska Department of Revenue Has $6.63 Million Stake in TE Connectivity Ltd. $TEL

State of Alaska Department of Revenue trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,156 shares of the electronics maker’s stock after selling 2,565 shares during the period. State of Alaska Department of Revenue’s holdings in TE Connectivity were worth $6,633,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in TE Connectivity during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of TE Connectivity in the third quarter worth about $29,000. SOA Wealth Advisors LLC. lifted its holdings in shares of TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of TE Connectivity in the third quarter worth about $39,000. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 65 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TEL shares. Jefferies Financial Group reissued a “buy” rating and issued a $250.00 target price (down from $280.00) on shares of TE Connectivity in a report on Tuesday, March 31st. UBS Group set a $272.00 target price on shares of TE Connectivity in a report on Tuesday. Wells Fargo & Company dropped their target price on shares of TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Barclays increased their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Finally, Truist Financial increased their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.33.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president directly owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This represents a 22.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,345 shares of company stock valued at $9,627,260. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Stock Performance

TE Connectivity stock opened at $236.89 on Wednesday. The company has a market capitalization of $69.51 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.70 and a beta of 1.26. The business has a 50 day moving average of $216.46 and a 200-day moving average of $225.79. 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 Ltd. has a 1 year low of $125.42 and a 1 year high of $250.67.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.3%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is currently 40.98%.

TE Connectivity announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to buy up to 5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Company 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.