Arizona State Retirement System Has $18.90 Million Stock Holdings in TE Connectivity Ltd. $TEL

Arizona State Retirement System lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,083 shares of the electronics maker’s stock after selling 3,507 shares during the quarter. Arizona State Retirement System’s holdings in TE Connectivity were worth $18,902,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TEL. Caitlin John LLC bought a new stake in shares of TE Connectivity during the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of TE Connectivity during the 3rd quarter worth about $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in shares of TE Connectivity by 47.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 54 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of TE Connectivity during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TEL. Barclays dropped their target price on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research report on Thursday. Oppenheimer increased their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. UBS Group dropped their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Stock Down 1.5%

Shares of NYSE TEL opened at $214.36 on Friday. TE Connectivity Ltd. has a 52 week low of $142.45 and a 52 week high of $252.56. The business has a 50-day simple moving average of $218.03 and a two-hundred day simple moving average of $226.39. The company has a quick ratio of 1.07, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The company has a market cap of $62.90 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.54 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 11.27 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is 40.98%.

TE Connectivity declared that its Board of Directors has authorized a share buyback plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, SVP Reuben M. Shaffer sold 1,425 shares of TE Connectivity stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,345 shares of company stock worth $9,627,260. 0.60% of the stock is currently owned by insiders.

TE Connectivity Company Profile

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.