Calamos Advisors LLC Has $15.31 Million Holdings in TE Connectivity Ltd. $TEL

Calamos Advisors LLC lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,284 shares of the electronics maker’s stock after selling 2,536 shares during the quarter. Calamos Advisors LLC’s holdings in TE Connectivity were worth $15,308,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TEL. Caitlin John LLC acquired a new stake in TE Connectivity during the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new stake in TE Connectivity during the 3rd quarter worth $29,000. Geneos Wealth Management Inc. raised its stake in 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 buying an additional 127 shares during the period. SOA Wealth Advisors LLC. raised its stake in 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 buying an additional 54 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in TE Connectivity during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

TEL opened at $214.36 on Friday. The business’s 50-day moving average price is $218.03 and its two-hundred day moving average price is $226.42. TE Connectivity Ltd. has a 1 year low of $142.45 and a 1 year high of $252.56. The company has a market capitalization of $62.90 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.54 and a beta of 1.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.07.

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

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a $0.78 dividend. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

TE Connectivity announced that its board has initiated a share repurchase plan on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

TEL has been the topic of several research analyst reports. Oppenheimer raised their price objective on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. UBS Group dropped their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

Insider Activity at TE Connectivity

In related 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 value of $333,777.75. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 completion of the sale, the executive vice president directly owned 21,810 shares in the company, valued at approximately $4,859,486.10. This represents a 22.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 42,345 shares of company stock valued at $9,627,260. 0.60% of the stock is owned by insiders.

TE Connectivity 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.