Qube Research & Technologies Ltd Reduces Stock Holdings in TE Connectivity Ltd. $TEL

Qube Research & Technologies Ltd lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 19.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 638,210 shares of the electronics maker’s stock after selling 157,483 shares during the period. Qube Research & Technologies Ltd owned approximately 0.22% of TE Connectivity worth $107,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new stake in TE Connectivity during the 2nd quarter worth about $26,000. Salomon & Ludwin LLC boosted its stake in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in TE Connectivity during the second quarter worth about $30,000. Richardson Financial Services Inc. acquired a new stake in TE Connectivity during the second quarter worth about $33,000. Finally, Avalon Trust Co raised its position in TE Connectivity by 146.7% during the second quarter. Avalon Trust Co now owns 222 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TEL shares. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Robert W. Baird increased their price target on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.77.

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity 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 sale, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.90% of the company’s stock.

TE Connectivity Stock Up 3.2%

Shares of NYSE TEL opened at $243.75 on Thursday. The firm has a market cap of $71.71 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. The company’s 50-day simple moving average is $231.45 and its 200-day simple moving average is $204.62. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.57 billion. During the same period last year, the company posted $1.95 EPS. TE Connectivity’s quarterly revenue 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. Equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

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.