Cidel Asset Management Inc. Purchases New Shares in TE Connectivity Ltd. $TEL

Cidel Asset Management Inc. acquired a new position in TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 100,484 shares of the electronics maker’s stock, valued at approximately $20,259,000.

Other institutional investors have also recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its position in shares of TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after buying an additional 44 shares in the last quarter. MCF Advisors LLC raised its stake in TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after purchasing an additional 45 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in TE Connectivity by 5.6% during the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after buying an additional 47 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after acquiring an additional 48 shares during the period. Finally, Security National Bank of SO Dak increased its stake in TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TEL shares. UBS Group reiterated a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a research note on Thursday, July 23rd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Evercore reaffirmed an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $251.15.

TE Connectivity Price Performance

TE Connectivity stock opened at $205.05 on Wednesday. The stock’s 50 day moving average is $205.88 and its 200 day moving average is $210.25. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The firm has a market cap of $59.36 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.40 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm posted $2.27 EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.