Azzad Asset Management Inc. ADV Sells 3,305 Shares of TE Connectivity Ltd. $TEL

Azzad Asset Management Inc. ADV reduced its stake in TE Connectivity Ltd. (NYSE:TEL) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,186 shares of the electronics maker’s stock after selling 3,305 shares during the period. Azzad Asset Management Inc. ADV’s holdings in TE Connectivity were worth $3,910,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Caitlin John LLC bought a new position in shares of TE Connectivity in the third quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new stake in TE Connectivity during the third quarter valued at $29,000. Caldwell Trust Co purchased a new position in TE Connectivity during the second quarter worth about $31,000. Geneos Wealth Management Inc. increased its stake in TE Connectivity by 189.6% in 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 last quarter. Finally, SOA Wealth Advisors LLC. increased its stake 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 acquiring an additional 54 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Trading Up 0.5%

Shares of TEL stock opened at $210.06 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $216.29 and a two-hundred day moving average price of $225.35. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The firm has a market cap of $61.64 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last issued its quarterly 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 firm 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 company posted $1.95 earnings per share. The company’s revenue 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. Equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity announced that its board has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

TE Connectivity Increases Dividend

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

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was 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 owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The SEC filing for this sale provides additional information. Insiders sold a total of 32,945 shares of company stock valued at $7,528,616 over the last 90 days. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

TEL has been the subject of a number of research analyst reports. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Truist Financial lifted their price target on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Wells Fargo & Company dropped their price target on TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Jefferies Financial Group reiterated a “buy” rating and set a $250.00 price target (down from $280.00) on shares of TE Connectivity in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.47.

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.