QRG Capital Management Inc. Sells 5,227 Shares of TE Connectivity Ltd. $TEL

QRG Capital Management Inc. trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 107,494 shares of the electronics maker’s stock after selling 5,227 shares during the quarter. QRG Capital Management Inc.’s holdings in TE Connectivity were worth $18,131,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Costello Asset Management INC bought a new position in TE Connectivity during the 1st quarter valued at approximately $28,000. Millstone Evans Group LLC purchased a new position in shares of TE Connectivity during the first quarter valued at approximately $32,000. Ransom Advisory Ltd bought a new position in shares of TE Connectivity during the first quarter valued at approximately $34,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in TE Connectivity in the first quarter worth $34,000. Finally, Dagco Inc. bought a new stake in TE Connectivity in the first quarter valued at $35,000. 91.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial upped their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. UBS Group raised their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a “buy” rating in a report on Monday, July 14th. The Goldman Sachs Group lifted their price objective on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, KGI Securities raised TE Connectivity to a “hold” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $211.36.

TE Connectivity Trading Down 0.1%

NYSE:TEL opened at $221.00 on Friday. The firm has a market capitalization of $65.30 billion, a P/E ratio of 45.75, a PEG ratio of 2.39 and a beta of 1.26. 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 Ltd. has a one year low of $116.30 and a one year high of $224.97. The company’s 50-day simple moving average is $208.91 and its 200 day simple moving average is $174.72.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business earned $1.91 earnings per share. The business’s 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. As a group, analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s dividend payout ratio is currently 58.80%.

Insider Buying and Selling

In other news, insider Aaron Kyle Stucki sold 52,900 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the transaction, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock valued at $25,040,158 over the last ninety days. Insiders own 0.90% of the company’s stock.

TE Connectivity Company Profile

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.