TE Connectivity Ltd. $TEL Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 70.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,906 shares of the electronics maker’s stock after selling 7,062 shares during the quarter. Kestra Investment Management LLC’s holdings in TE Connectivity were worth $490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC purchased a new position in TE Connectivity during the 2nd quarter valued at about $26,000. Neo Ivy Capital Management purchased a new position in shares of TE Connectivity during the 2nd quarter worth approximately $30,000. Salomon & Ludwin LLC increased its stake in shares of TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in shares of TE Connectivity during the 2nd quarter worth approximately $33,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in TE Connectivity in the 1st quarter valued at approximately $34,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore ISI boosted their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Citigroup lifted their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group upped their target price on shares of TE Connectivity from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 30th. TD Cowen raised their price target on shares of TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Two research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.77.

TE Connectivity Price Performance

TEL opened at $230.65 on Tuesday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company’s 50 day simple moving average is $232.26 and its 200 day simple moving average is $206.51. The stock has a market capitalization of $67.85 billion, a PE ratio of 37.50, a P/E/G ratio of 1.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.56.

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

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This trade represents a 64.40% 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.

About TE Connectivity

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.