CIBC Bancorp USA Inc. Buys Shares of 40,804 TE Connectivity Ltd. $TEL

CIBC Bancorp USA Inc. purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,804 shares of the electronics maker’s stock, valued at approximately $8,958,000.

Several other hedge funds have also added to or reduced their stakes in the business. Caitlin John LLC acquired a new stake in shares of TE Connectivity during the third quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of TE Connectivity during the third quarter worth about $29,000. Neo Ivy Capital Management acquired a new stake in TE Connectivity in the 2nd quarter valued at approximately $30,000. Caldwell Trust Co acquired a new position in TE Connectivity during the 2nd quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. boosted its holdings in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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 note on Thursday, January 22nd. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Truist Financial boosted their target price 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. Finally, UBS Group upped their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.93.

TE Connectivity Stock Down 1.4%

TEL stock opened at $195.70 on Friday. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The stock has a market capitalization of $57.42 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $222.47 and a 200-day moving average price of $225.43.

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, topping 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 period last year, the company earned $1.95 EPS. TE Connectivity’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. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 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 dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TE Connectivity’s payout ratio is presently 40.98%.

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

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $222.52, for a total value of $2,091,688.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at $5,780,179.52. This represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,945 shares of company stock valued at $7,528,616. Corporate insiders own 0.60% of the company’s stock.

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.