Traders Purchase Large Volume of TE Connectivity Put Options (NYSE:TEL)

TE Connectivity Ltd. (NYSE:TEL) saw some unusual options trading on Wednesday. Stock investors bought 4,136 put options on the company. This is an increase of 132% compared to the average volume of 1,783 put options.

TE Connectivity Trading Up 0.5%

TE Connectivity stock opened at $242.72 on Thursday. The company has a 50 day moving average price of $230.49 and a 200 day moving average price of $225.29. TE Connectivity has a 52 week low of $116.30 and a 52 week high of $250.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The firm has a market capitalization of $71.22 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 1.84 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm’s revenue was up 21.7% compared to the same quarter last year. 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. Research analysts forecast that TE Connectivity will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio is 40.98%.

Analyst Ratings Changes

TEL has been the topic of a number of research reports. Barclays boosted their price objective on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Wells Fargo & Company boosted their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Oppenheimer boosted their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Truist Financial lifted their price target on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $251.93.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 6,565 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.64, for a total value of $1,533,846.60. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $6,069,032.64. This represents a 20.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,545 shares of company stock worth $5,436,928 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in TE Connectivity by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock valued at $8,741,226,000 after purchasing an additional 168,142 shares during the last quarter. Dodge & Cox increased its holdings in shares of TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares in the last quarter. State Street Corp raised its stake in shares of TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock valued at $2,981,572,000 after acquiring an additional 76,292 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after acquiring an additional 464,853 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in TE Connectivity by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after acquiring an additional 161,967 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

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.