Berkshire Asset Management LLC PA Cuts Holdings in TE Connectivity Ltd. $TEL

Berkshire Asset Management LLC PA lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,954 shares of the electronics maker’s stock after selling 4,051 shares during the quarter. TE Connectivity comprises 2.5% of Berkshire Asset Management LLC PA’s investment portfolio, making the stock its 9th biggest holding. Berkshire Asset Management LLC PA’s holdings in TE Connectivity were worth $57,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TEL. Brighton Jones LLC bought a new position in shares of TE Connectivity during the 4th quarter worth about $820,000. Sivia Capital Partners LLC boosted its position in shares of TE Connectivity by 66.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 1,007 shares in the last quarter. Walleye Capital LLC boosted its position in shares of TE Connectivity by 14.6% during the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock worth $453,000 after purchasing an additional 343 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of TE Connectivity by 1,214.0% during the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock worth $17,755,000 after purchasing an additional 97,256 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of TE Connectivity by 75.0% in 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 last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a report on Wednesday, April 22nd. Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a report on Thursday, April 23rd. Barclays upped their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $256.79.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,200 shares of company stock worth $6,140,644. Company insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 0.5%

Shares of TEL stock opened at $217.19 on Wednesday. The company has a 50 day moving average of $214.80 and a 200-day moving average of $220.53. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12-month low of $162.17 and a 12-month high of $252.56. The firm has a market cap of $63.40 billion, a P/E ratio of 22.18, a PEG ratio of 1.53 and a beta of 1.16.

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. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same quarter last year, the business posted $2.10 EPS. TE Connectivity’s quarterly revenue was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid 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 1.4%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

TE Connectivity declared that its board has approved a stock buyback program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management 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.