TE Connectivity Ltd. $TEL Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,390 shares of the electronics maker’s stock after selling 2,152 shares during the quarter. Yousif Capital Management LLC’s holdings in TE Connectivity were worth $7,319,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in TE Connectivity in the 2nd quarter valued at $33,000. Costello Asset Management INC purchased a new stake in shares of TE Connectivity in the first quarter valued at about $28,000. Millstone Evans Group LLC acquired a new stake in TE Connectivity in the first quarter valued at about $32,000. Ransom Advisory Ltd acquired a new stake in TE Connectivity in the first quarter valued at about $34,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of TE Connectivity during the 1st quarter worth approximately $34,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TEL has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on TE Connectivity from $186.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Truist Financial boosted their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group raised their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, KGI Securities upgraded shares of TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $219.92.

TE Connectivity Stock Up 0.6%

TEL opened at $220.74 on Wednesday. The firm has a 50 day moving average price of $211.10 and a 200 day moving average price of $178.31. The company has a market cap of $65.22 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $226.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.TE Connectivity’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 58.80%.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the transaction, the executive vice president owned 24,625 shares of the company’s stock, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by corporate insiders.

About TE Connectivity

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.