VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in TE Connectivity Ltd. $TEL

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 76,900 shares of the electronics maker’s stock, valued at approximately $12,971,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in TE Connectivity by 17.0% during the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock worth $5,353,401,000 after buying an additional 5,502,415 shares in the last quarter. Valeo Financial Advisors LLC grew its position in TE Connectivity by 39,846.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock worth $299,490,000 after buying an additional 1,771,153 shares in the last quarter. Nuveen LLC purchased a new position in TE Connectivity during the first quarter worth about $174,700,000. Wellington Management Group LLP grew its position in TE Connectivity by 17.2% during the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after buying an additional 1,097,035 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in TE Connectivity by 17.1% during the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after buying an additional 960,276 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TEL. UBS Group boosted their target price on TE Connectivity from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 31st. Wells Fargo & Company upped their price objective on TE Connectivity from $198.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Bank of America upped their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Finally, The Goldman Sachs Group upped their price objective on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $219.92.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction dated 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 sale, the insider directly owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider owned 23,667 shares of the company’s stock, valued at $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by insiders.

TE Connectivity Trading Down 0.4%

Shares of TEL stock opened at $223.33 on Monday. The stock has a market capitalization of $65.99 billion, a PE ratio of 46.24, a P/E/G ratio of 2.41 and a beta of 1.26. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $226.50. The business has a 50-day moving average of $212.45 and a 200 day moving average of $180.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. The company 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 period in the prior year, the business posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s dividend payout ratio is currently 58.80%.

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.