UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,229,956 Shares of TE Connectivity Ltd. $TEL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 98.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,188 shares of the electronics maker’s stock after selling 2,229,956 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TE Connectivity were worth $5,078,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. bought a new stake in TE Connectivity during the 2nd quarter worth about $34,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at about $40,000. MV Capital Management Inc. acquired a new stake in shares of TE Connectivity in the fourth quarter valued at about $41,000. Geneos Wealth Management Inc. raised its holdings in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Finally, Bayban acquired a new position in TE Connectivity during the fourth quarter valued at approximately $44,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $205.05 on Wednesday. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The firm has a market capitalization of $59.36 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.40 and a beta of 1.16. The stock’s 50 day moving average price is $205.88 and its two-hundred day moving average price is $210.25. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the company posted $2.27 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore restated an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company cut their price objective on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Barclays upped their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Finally, Robert W. Baird cut their price target on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $251.15.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.