ProShare Advisors LLC Decreases Stock Position in TE Connectivity Ltd. $TEL

ProShare Advisors LLC reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,476 shares of the electronics maker’s stock after selling 4,273 shares during the period. ProShare Advisors LLC’s holdings in TE Connectivity were worth $22,632,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. J. Safra Sarasin Holding AG raised its holdings in TE Connectivity by 132.5% in the third quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock valued at $2,952,000 after acquiring an additional 7,664 shares in the last quarter. Principal Financial Group Inc. boosted its stake in TE Connectivity by 7.0% in the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock valued at $73,849,000 after acquiring an additional 21,882 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in TE Connectivity by 11.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker’s stock valued at $10,369,000 after purchasing an additional 4,813 shares during the period. Caprock Group LLC acquired a new position in shares of TE Connectivity during the third quarter valued at $2,419,000. Finally, State of New Jersey Common Pension Fund D grew its position in TE Connectivity by 7.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 103,287 shares of the electronics maker’s stock worth $22,675,000 after purchasing an additional 6,755 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

TEL stock opened at $201.45 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $58.80 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.39 and a beta of 1.18. TE Connectivity Ltd. has a 12 month low of $155.37 and a 12 month high of $252.56. The firm has a 50 day moving average of $212.11 and a two-hundred day moving average of $223.97.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity declared that its Board of Directors has approved a share buyback plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a $0.78 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s payout ratio is 29.01%.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 28,200 shares of company stock worth $6,211,332. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TEL shares. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a report on Thursday, April 23rd. Finally, UBS Group decreased their price objective on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

About TE Connectivity

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.