TE Connectivity Ltd. (NYSE:TEL) Sees Significant Growth in Short Interest

TE Connectivity Ltd. (NYSE:TEL) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 6,947,820 shares, a growth of 20.9% from the January 29th total of 5,745,623 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,741,901 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 2,741,901 shares, the short-interest ratio is presently 2.5 days. Currently, 2.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

TEL has been the topic of a number of research reports. UBS Group upped their price target on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Oppenheimer boosted their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 13th. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Truist Financial upped their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $222.52, for a total value of $2,091,688.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $5,780,179.52. The trade was a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,945 shares of company stock valued at $7,528,616 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of TE Connectivity during the fourth quarter worth $25,000. Caitlin John LLC bought a new stake in shares of TE Connectivity during the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new stake in TE Connectivity during the 3rd quarter worth about $29,000. Neo Ivy Capital Management bought a new position in TE Connectivity in the 2nd quarter worth about $30,000. Finally, Caldwell Trust Co purchased a new position in TE Connectivity during the 2nd quarter valued at about $31,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Stock Up 0.7%

TEL opened at $210.52 on Friday. TE Connectivity has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The firm has a market capitalization of $61.77 billion, a P/E ratio of 30.38, a PEG ratio of 1.59 and a beta of 1.23. The company’s 50-day moving average is $228.82 and its 200 day moving average is $225.68. 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 announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Research analysts expect that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors 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 annualized dividend and a yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is 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.