Wealthfront Advisers LLC Lowers Stake in TE Connectivity Ltd. $TEL

Wealthfront Advisers LLC lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,082 shares of the electronics maker’s stock after selling 3,651 shares during the period. Wealthfront Advisers LLC’s holdings in TE Connectivity were worth $6,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in TE Connectivity in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. increased its position in shares of TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the period. Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $40,000. MV Capital Management Inc. bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $41,000. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 65 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $203.22 on Friday. The firm has a 50 day moving average of $205.86 and a 200 day moving average of $215.96. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $59.32 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. TE Connectivity Ltd. has a 52 week low of $177.21 and a 52 week 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. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, sell-side analysts predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

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 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is 31.87%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on TE Connectivity from $226.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Barclays increased their price target on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a report on Thursday, April 23rd. Finally, Citigroup lowered their price objective on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.31.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity 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.