Chicago Capital LLC Sells 200 Shares of TE Connectivity Ltd. $TEL

Chicago Capital LLC lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 4,595 shares of the electronics maker’s stock after selling 200 shares during the period. Chicago Capital LLC’s holdings in TE Connectivity were worth $775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at approximately $820,000. Wealth Enhancement Advisory Services LLC raised its position in TE Connectivity by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 36,014 shares of the electronics maker’s stock valued at $5,149,000 after purchasing an additional 2,498 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of TE Connectivity by 381.1% in the 1st quarter. Versant Capital Management Inc now owns 1,020 shares of the electronics maker’s stock valued at $144,000 after purchasing an additional 808 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of TE Connectivity by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the electronics maker’s stock valued at $698,000 after purchasing an additional 284 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of TE Connectivity by 0.4% during the 1st quarter. Rhumbline Advisers now owns 339,714 shares of the electronics maker’s stock worth $48,008,000 after buying an additional 1,346 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on TE Connectivity from $198.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Evercore ISI increased their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Bank of America boosted their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Finally, Truist Financial increased their price target on TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.36.

Insider Activity

In other news, insider Aaron Kyle Stucki sold 52,900 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider directly owned 23,667 shares of the company’s stock, valued at $4,562,524.26. The trade was a 69.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John S. Jenkins sold 45,850 shares of the firm’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 sale, the executive vice president directly owned 24,625 shares of the company’s stock, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock worth $25,040,158 in the last three months. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Trading Up 0.8%

NYSE TEL opened at $219.56 on Wednesday. The firm has a market capitalization of $64.88 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. The business’s 50-day moving average price is $207.93 and its two-hundred day moving average price is $173.18. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $221.00.

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

TE Connectivity Dividend Announcement

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