Norges Bank Acquires New Shares in TE Connectivity Ltd. $TEL

Norges Bank acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,611,540 shares of the electronics maker’s stock, valued at approximately $609,158,000. Norges Bank owned about 1.22% of TE Connectivity at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TEL. Princeton Global Asset Management LLC bought a new position in shares of TE Connectivity during the second quarter worth about $26,000. Costello Asset Management INC acquired a new position in TE Connectivity during the 1st quarter valued at about $28,000. Neo Ivy Capital Management acquired a new position in TE Connectivity during the 2nd quarter valued at about $30,000. Salomon & Ludwin LLC grew its position in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $33,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Trading Up 0.5%

Shares of TE Connectivity stock opened at $225.90 on Friday. The business has a fifty day simple moving average of $228.98 and a 200-day simple moving average of $200.58. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The firm has a market cap of $66.46 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the business earned $1.95 earnings per share. TE Connectivity’s revenue for the quarter was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm 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. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.

Insiders Place Their Bets

In other news, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the transaction, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 131,171 shares of company stock worth $31,380,209. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TEL. UBS Group boosted their price objective on TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Citigroup boosted their price target on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Barclays increased their price target on TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. JPMorgan Chase & Co. lifted their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Truist Financial reduced their price objective on shares of TE Connectivity from $255.00 to $239.00 and set a “hold” rating for the company in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $244.46.

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.