TE Connectivity Ltd. $TEL Shares Sold by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 29.8% in the first quarter, HoldingsChannel reports. The firm owned 32,664 shares of the electronics maker’s stock after selling 13,894 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in TE Connectivity were worth $6,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Man Group plc increased its stake in TE Connectivity by 259.9% in the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after purchasing an additional 904,468 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in TE Connectivity in the 4th quarter worth about $1,983,000. Northwestern Mutual Wealth Management Co. grew its holdings in TE Connectivity by 2,766.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock valued at $63,082,000 after buying an additional 267,598 shares during the period. NewEdge Wealth LLC grew its holdings in TE Connectivity by 20.4% in the 4th quarter. NewEdge Wealth LLC now owns 41,715 shares of the electronics maker’s stock valued at $9,491,000 after buying an additional 7,057 shares during the period. Finally, Jefferies Financial Group Inc. increased its stake in shares of TE Connectivity by 575.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after acquiring an additional 31,096 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

Shares of TEL stock opened at $198.14 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The company’s fifty day moving average price is $211.87 and its two-hundred day moving average price is $219.28. The firm has a market capitalization of $57.84 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.40 and a beta of 1.16. TE Connectivity Ltd. has a 12 month low of $166.58 and a 12 month high of $252.56.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period in the previous year, the company earned $2.10 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, research analysts anticipate that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were 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 directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 28,200 shares of company stock worth $6,140,644. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $226.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a report on Wednesday, April 22nd. UBS Group cut their price target on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a report on Thursday, April 23rd. Finally, Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.93.

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.