Jain Global LLC Trims Stock Position in TE Connectivity Ltd. $TEL

Jain Global LLC decreased its stake in TE Connectivity Ltd. (NYSE:TEL) by 6.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 49,877 shares of the electronics maker’s stock after selling 3,462 shares during the period. Jain Global LLC’s holdings in TE Connectivity were worth $10,949,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Caitlin John LLC purchased a new stake in TE Connectivity in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TE Connectivity during the third quarter worth about $29,000. Neo Ivy Capital Management acquired a new stake in shares of TE Connectivity during the second quarter worth about $30,000. Caldwell Trust Co acquired a new stake in shares of TE Connectivity during the second quarter worth about $31,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 127 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. The Goldman Sachs Group set a $306.00 price objective on TE Connectivity in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price objective on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. 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 report on Wednesday, January 14th. Finally, Oppenheimer upped their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total value of $2,197,908.00. Following the sale, the insider owned 32,541 shares of the company’s stock, valued at $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,945 shares of company stock worth $7,528,616. 0.60% of the stock is owned by insiders.

TE Connectivity Stock Up 2.1%

TEL opened at $203.58 on Tuesday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The business has a 50 day moving average price of $224.97 and a two-hundred day moving average price of $225.91. 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 company has a market cap of $59.74 billion, a PE ratio of 29.38, a P/E/G ratio of 1.52 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the business posted $1.95 EPS. The company’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. As a group, research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.5%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio is presently 40.98%.

TE Connectivity declared that its board has initiated a stock buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

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.