Becker Capital Management Inc. Has $22.34 Million Stock Position in TE Connectivity Ltd. $TEL

Becker Capital Management Inc. cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,751 shares of the electronics maker’s stock after selling 3,270 shares during the period. Becker Capital Management Inc.’s holdings in TE Connectivity were worth $22,337,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after buying an additional 410,910 shares during the last quarter. Dodge & Cox boosted its stake in TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after acquiring an additional 1,017,323 shares during the last quarter. State Street Corp grew its holdings in TE Connectivity by 0.8% during the second quarter. State Street Corp now owns 12,928,733 shares of the electronics maker’s stock valued at $2,180,693,000 after purchasing an additional 100,040 shares during the period. Ameriprise Financial Inc. increased its stake in TE Connectivity by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock valued at $1,185,474,000 after purchasing an additional 464,853 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TEL. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Truist Financial increased their price target on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Wells Fargo & Company raised their price target on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Finally, Oppenheimer increased their target price on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.93.

TE Connectivity Stock Down 8.0%

NYSE:TEL opened at $211.79 on Tuesday. The stock has a 50-day simple moving average of $230.25 and a 200 day simple moving average of $225.89. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a market cap of $62.15 billion, a PE ratio of 30.56, a PEG ratio of 1.75 and a beta of 1.23. 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 (NYSE:TEL) last released its quarterly 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 during 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 business’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shadrak W. Kroeger sold 6,565 shares of the firm’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 transaction, the insider owned 25,976 shares of the company’s stock, valued at $6,069,032.64. The trade was a 20.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 23,545 shares of company stock worth $5,436,928. Insiders own 0.60% of the company’s stock.

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.