1248 Management LLC Acquires Shares of 3,312 TE Connectivity Ltd. $TEL

1248 Management LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,312 shares of the electronics maker’s stock, valued at approximately $727,000.

Several other large investors have also recently bought and sold shares of TEL. Mirae Asset Global Investments Co. Ltd. increased its stake in TE Connectivity by 11.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after purchasing an additional 4,310 shares in the last quarter. Nordea Investment Management AB increased its position in TE Connectivity by 54.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after buying an additional 565,857 shares in the last quarter. Vanguard Group Inc. raised its stake in TE Connectivity by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after buying an additional 410,910 shares during the period. PFG Investments LLC bought a new position in TE Connectivity in the second quarter worth approximately $274,000. Finally, Vise Technologies Inc. acquired a new stake in TE Connectivity in the second quarter valued at approximately $917,000. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TEL. Evercore ISI lifted their target price on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $306.00 price objective on TE Connectivity in a research note on Wednesday. Weiss Ratings lowered TE Connectivity from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Robert W. Baird lifted their target price on TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.38.

Insider Transactions at TE Connectivity

In other news, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 3.2%

Shares of NYSE:TEL opened at $223.86 on Monday. The company has a market cap of $65.71 billion, a PE ratio of 32.30, a P/E/G ratio of 1.70 and a beta of 1.24. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock’s 50-day moving average is $230.89 and its 200 day moving average is $219.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.17. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is presently 40.98%.

About TE Connectivity

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.