Squarepoint Ops LLC Grows Stock Holdings in TE Connectivity Ltd. $TEL

Squarepoint Ops LLC boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 595.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 732,181 shares of the electronics maker’s stock after acquiring an additional 626,914 shares during the period. Squarepoint Ops LLC owned 0.25% of TE Connectivity worth $160,736,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caitlin John LLC acquired a new position in shares of TE Connectivity in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity during the third quarter worth $29,000. SOA Wealth Advisors LLC. grew its position in TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after buying an additional 54 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in TE Connectivity in the 3rd quarter valued at $39,000. Finally, Neo Ivy Capital Management acquired a new position in TE Connectivity in the 2nd quarter valued at $30,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The SEC filing for this sale provides additional information. Insiders sold a total of 32,945 shares of company stock valued at $7,528,616 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TEL. UBS Group raised their target price on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Truist Financial increased their price target on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. The Goldman Sachs Group set a $306.00 price objective on shares of TE Connectivity in a research report on Wednesday, January 21st. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, Barclays increased their target price on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Trading Up 0.8%

NYSE:TEL opened at $199.35 on Friday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $225.53 and a 200-day simple moving average of $225.69. The company has a market capitalization of $58.50 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the company earned $1.95 EPS. The firm’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio is 40.98%.

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.