TE Connectivity Ltd. $TEL Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,374 shares of the electronics maker’s stock after selling 505 shares during the period. Assenagon Asset Management S.A.’s holdings in TE Connectivity were worth $4,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TEL. Costello Asset Management INC purchased a new position in TE Connectivity in the 1st quarter valued at $28,000. Millstone Evans Group LLC acquired a new position in TE Connectivity during the first quarter worth about $32,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in TE Connectivity during the 1st quarter valued at about $34,000. Ransom Advisory Ltd acquired a new stake in TE Connectivity in the 1st quarter valued at about $34,000. Finally, Dagco Inc. purchased a new position in TE Connectivity in the 1st quarter worth approximately $35,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In related news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares in the company, valued at approximately $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares in the company, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by insiders.

TE Connectivity Price Performance

TE Connectivity stock opened at $215.42 on Thursday. The company’s 50 day simple moving average is $204.91 and its 200-day simple moving average is $170.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $221.00. The company has a market capitalization of $63.65 billion, a price-to-earnings ratio of 44.60, a price-to-earnings-growth ratio of 2.61 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm earned $1.91 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is 58.80%.

Analyst Upgrades and Downgrades

TEL has been the subject of several recent research reports. Bank of America increased their price target on TE Connectivity from $168.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Evercore ISI boosted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Friday, July 11th. Robert W. Baird set a $232.00 target price on shares of TE Connectivity in a report on Wednesday, September 3rd. Finally, UBS Group raised their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a “buy” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $201.36.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.