ProShare Advisors LLC Sells 558 Shares of TE Connectivity Ltd. $TEL

ProShare Advisors LLC reduced its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,877 shares of the electronics maker’s stock after selling 558 shares during the period. ProShare Advisors LLC’s holdings in TE Connectivity were worth $18,533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new stake in shares of TE Connectivity in the second quarter worth about $26,000. Costello Asset Management INC purchased a new position in TE Connectivity during the 1st quarter valued at approximately $28,000. Salomon & Ludwin LLC increased its stake in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares during the last quarter. Millstone Evans Group LLC bought a new stake in TE Connectivity in the 1st quarter worth approximately $32,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of TE Connectivity during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TEL shares. The Goldman Sachs Group boosted their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Barclays boosted their price objective on TE Connectivity from $249.00 to $277.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.58.

Insider Activity

In other news, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the company’s 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 completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 131,171 shares of company stock valued at $31,380,209. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Stock Down 0.2%

Shares of NYSE:TEL opened at $247.29 on Wednesday. The firm has a market capitalization of $73.07 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The business has a 50 day simple moving average of $224.44 and a two-hundred day simple moving average of $193.83. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96.

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

TE Connectivity Announces Dividend

The business 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 dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.1%. TE Connectivity’s dividend payout ratio (DPR) 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.