TE Connectivity Sees Unusually High Options Volume (NYSE:TEL)

TE Connectivity Ltd. (NYSE:TEL) was the target of some unusual options trading on Friday. Stock investors bought 10,532 call options on the company. This is an increase of 679% compared to the typical volume of 1,352 call options.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TEL shares. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $226.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a report on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, UBS Group lowered their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $254.93.

TE Connectivity Stock Down 1.0%

TEL stock opened at $198.14 on Friday. The stock has a market cap of $57.84 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.40 and a beta of 1.16. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $211.87 and its two-hundred day simple moving average is $219.38. TE Connectivity has a 1-year low of $166.58 and a 1-year high of $252.56.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.03. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts expect that TE Connectivity will post 11.31 EPS for the current year.

TE Connectivity declared that its board has authorized a share buyback plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is presently 31.87%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 28,200 shares of company stock valued at $6,140,644. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of TE Connectivity during the 4th quarter worth $820,000. Sivia Capital Partners LLC increased its position in shares of TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after buying an additional 1,007 shares during the period. Walleye Capital LLC lifted its holdings in shares of TE Connectivity by 14.6% in the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock worth $453,000 after buying an additional 343 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of TE Connectivity by 1,214.0% in the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after acquiring an additional 97,256 shares during the period. Finally, Ieq Capital LLC increased its holdings in TE Connectivity by 75.0% during the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock worth $3,927,000 after acquiring an additional 9,980 shares during the period. 91.43% of the stock is owned by institutional investors.

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.