California Public Employees Retirement System Has $209.70 Million Position in TE Connectivity Ltd. $TEL

California Public Employees Retirement System cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,243,256 shares of the electronics maker’s stock after selling 214,516 shares during the quarter. California Public Employees Retirement System owned approximately 0.42% of TE Connectivity worth $209,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC raised its holdings in shares of TE Connectivity by 1.6% during the second quarter. Fidelis Capital Partners LLC now owns 3,349 shares of the electronics maker’s stock valued at $565,000 after purchasing an additional 52 shares during the period. Rossby Financial LCC increased its position in TE Connectivity by 6.0% in the 2nd quarter. Rossby Financial LCC now owns 1,000 shares of the electronics maker’s stock valued at $169,000 after buying an additional 57 shares in the last quarter. Premier Path Wealth Partners LLC raised its stake in TE Connectivity by 2.8% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,061 shares of the electronics maker’s stock worth $348,000 after buying an additional 57 shares during the period. Personal CFO Solutions LLC boosted its holdings in TE Connectivity by 3.0% in the second quarter. Personal CFO Solutions LLC now owns 2,117 shares of the electronics maker’s stock worth $357,000 after acquiring an additional 61 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock worth $255,000 after acquiring an additional 63 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

TEL has been the topic of a number of research reports. TD Cowen upped their target price on TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. JPMorgan Chase & Co. lifted their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. UBS Group boosted their target price on TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Evercore ISI upped their target price on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Barclays lifted their price target on TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.46.

Insider Activity

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the transaction, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the sale, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.90% of the company’s stock.

TE Connectivity Trading Up 0.4%

Shares of TEL stock opened at $234.27 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The firm has a market cap of $68.92 billion, a P/E ratio of 38.09, a PEG ratio of 1.80 and a beta of 1.25. The company has a 50 day moving average of $230.36 and a 200-day moving average of $203.26. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the company earned $1.95 earnings per share. TE Connectivity’s revenue was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

TE Connectivity 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.