CIBC Asset Management Inc Sells 3,979 Shares of TE Connectivity Ltd. $TEL

CIBC Asset Management Inc lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,001 shares of the electronics maker’s stock after selling 3,979 shares during the period. CIBC Asset Management Inc’s holdings in TE Connectivity were worth $14,928,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TEL. Brighton Jones LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $820,000. Sivia Capital Partners LLC increased its holdings in TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after buying an additional 1,007 shares during the period. Farther Finance Advisors LLC raised its stake in TE Connectivity by 15.0% in the second quarter. Farther Finance Advisors LLC now owns 2,349 shares of the electronics maker’s stock worth $396,000 after buying an additional 307 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in TE Connectivity during the second quarter worth $255,000. Finally, Signaturefd LLC boosted its position in TE Connectivity by 5.7% during the second quarter. Signaturefd LLC now owns 7,720 shares of the electronics maker’s stock valued at $1,302,000 after purchasing an additional 413 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

NYSE:TEL opened at $225.60 on Tuesday. The firm’s fifty day moving average is $230.72 and its two-hundred day moving average is $220.19. The firm has a market cap of $66.22 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67.

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

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a $0.71 dividend. The ex-dividend date 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 is 40.98%.

Analyst Ratings Changes

Several brokerages have weighed in on TEL. Barclays raised their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group increased their price target on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Robert W. Baird boosted their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Weiss Ratings lowered shares of TE Connectivity from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Citigroup boosted their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average price target of $249.38.

Insider Activity

In other news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total value of $20,340,445.00. Following the transaction, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

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.