UNIVEST FINANCIAL Corp Decreases Holdings in TE Connectivity Ltd. $TEL

UNIVEST FINANCIAL Corp decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 4.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 62,867 shares of the electronics maker’s stock after selling 3,158 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in TE Connectivity were worth $13,140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at $820,000. Sivia Capital Partners LLC lifted its stake in TE Connectivity by 66.7% in the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 1,007 shares during the last quarter. Walleye Capital LLC boosted its position in TE Connectivity by 14.6% during the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after buying an additional 343 shares during the period. Squarepoint Ops LLC grew its stake in shares of TE Connectivity by 1,214.0% during the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after buying an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of TE Connectivity by 75.0% during the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after buying an additional 9,980 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

TE Connectivity Trading Up 0.4%

Shares of NYSE TEL traded up $0.89 during trading hours on Friday, hitting $199.80. The company’s stock had a trading volume of 1,929,190 shares, compared to its average volume of 2,141,272. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.41 and a beta of 1.17. TE Connectivity Ltd. has a 12 month low of $173.54 and a 12 month high of $252.56. The business has a 50-day simple moving average of $206.75 and a 200-day simple moving average of $217.05.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the prior year, the company posted $2.10 EPS. TE Connectivity’s quarterly revenue 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, analysts anticipate that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is currently 31.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TEL shares. Evercore reissued an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a research note on Monday, June 22nd. Truist Financial decreased their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a research report on Thursday, April 23rd. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.92.

TE Connectivity 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.