UNIVEST FINANCIAL Corp Sells 8,947 Shares of TE Connectivity Ltd. $TEL

UNIVEST FINANCIAL Corp decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 11.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 67,810 shares of the electronics maker’s stock after selling 8,947 shares during the period. TE Connectivity accounts for 0.8% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 25th biggest position. UNIVEST FINANCIAL Corp’s holdings in TE Connectivity were worth $14,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TEL. Princeton Global Asset Management LLC purchased a new stake in shares of TE Connectivity during the second quarter valued at approximately $26,000. SOA Wealth Advisors LLC. grew its stake in TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 54 shares during the period. Salomon & Ludwin LLC increased its position in shares of TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 66 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of TE Connectivity during the 3rd quarter worth $39,000. Finally, Neo Ivy Capital Management purchased a new position in shares of TE Connectivity in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.2%

Shares of TEL stock opened at $231.43 on Friday. The stock has a market capitalization of $67.93 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 1.80 and a beta of 1.24. The company’s fifty day simple moving average is $231.16 and its two-hundred day simple moving average is $218.81. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.03.

TE Connectivity (NYSE:TEL) last announced its quarterly 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. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio is presently 46.18%.

Analyst Upgrades and Downgrades

TEL has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Citigroup lifted their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Evercore ISI increased their price objective on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Wells Fargo & Company raised their target price on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.00.

Insider Activity at TE Connectivity

In related news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

TE Connectivity Company 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.