Capital International Inc. CA Increases Stock Holdings in TE Connectivity Ltd. $TEL

Capital International Inc. CA lifted its position in TE Connectivity Ltd. (NYSE:TEL) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 138,660 shares of the electronics maker’s stock after buying an additional 9,602 shares during the period. Capital International Inc. CA’s holdings in TE Connectivity were worth $31,547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TEL. Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the fourth quarter valued at about $820,000. Sivia Capital Partners LLC lifted its position in TE Connectivity by 66.7% in 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 last quarter. Walleye Capital LLC lifted its position in TE Connectivity by 14.6% in the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after buying an additional 343 shares during the last quarter. Squarepoint Ops LLC lifted its position in 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 buying an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in TE Connectivity by 75.0% in the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after buying an additional 9,980 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group decreased their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research report on Wednesday, April 22nd. Oppenheimer upped their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Truist Financial decreased their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus target price of $256.57.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,200 shares of company stock worth $6,140,644 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Down 3.6%

Shares of TEL opened at $212.70 on Friday. The stock has a market capitalization of $62.09 billion, a PE ratio of 21.73, a P/E/G ratio of 1.51 and a beta of 1.16. TE Connectivity Ltd. has a 1 year low of $162.17 and a 1 year high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company’s 50-day simple moving average is $214.26 and its 200-day simple moving average is $221.29.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s dividend payout ratio is currently 31.87%.

TE Connectivity announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to buy up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

About TE Connectivity

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.