Two Sigma Securities LLC Acquires New Position in TE Connectivity Ltd. $TEL

Two Sigma Securities LLC acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,156 shares of the electronics maker’s stock, valued at approximately $1,241,000.

A number of other large investors have also recently modified their holdings of the business. Hsbc Holdings PLC increased its position in TE Connectivity by 11.1% during the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock worth $52,506,000 after purchasing an additional 23,074 shares in the last quarter. Man Group plc boosted its position in TE Connectivity by 259.9% in the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after buying an additional 904,468 shares in the last quarter. Jefferies Financial Group Inc. grew its stake in shares of TE Connectivity by 575.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock worth $8,303,000 after buying an additional 31,096 shares during the last quarter. Swedbank AB increased its holdings in shares of TE Connectivity by 8.1% during the fourth quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock worth $19,300,000 after buying an additional 6,385 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of TE Connectivity by 2,766.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock valued at $63,082,000 after acquiring an additional 267,598 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Up 1.4%

TE Connectivity stock opened at $205.47 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $59.49 billion, a PE ratio of 20.14, a PEG ratio of 1.36 and a beta of 1.16. The firm’s fifty day moving average is $205.09 and its 200 day moving average is $211.35. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was up 13.8% compared to the same quarter last year. During the same period 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. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Evercore reissued an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Robert W. Baird dropped their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Finally, Citigroup reduced their target price on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.15.

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.