Alliancebernstein L.P. Lowers Position in TE Connectivity Ltd. $TEL

Alliancebernstein L.P. decreased its stake in TE Connectivity Ltd. (NYSE:TEL) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 933,177 shares of the electronics maker’s stock after selling 103,829 shares during the quarter. Alliancebernstein L.P. owned approximately 0.32% of TE Connectivity worth $204,860,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitlin John LLC purchased a new position in TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in TE Connectivity in the 3rd quarter worth approximately $29,000. SOA Wealth Advisors LLC. lifted its holdings in TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 54 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of TE Connectivity during the third quarter valued at approximately $39,000. Finally, Neo Ivy Capital Management bought a new position in shares of TE Connectivity during the second quarter worth $30,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

TE Connectivity stock opened at $203.58 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The firm has a market capitalization of $59.74 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The company’s 50-day moving average is $224.97 and its 200 day moving average is $225.91.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

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

TE Connectivity announced that its board has authorized a share repurchase program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Barclays raised their price target on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Oppenheimer increased their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four 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 $251.93.

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total value of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,945 shares of company stock worth $7,528,616 in the last three months. Corporate 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.