Mirae Asset Global Investments Co. Ltd. Has $10.37 Million Stock Holdings in TE Connectivity Ltd. $TEL

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,231 shares of the electronics maker’s stock after purchasing an additional 4,813 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in TE Connectivity were worth $10,369,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TEL. Princeton Global Asset Management LLC acquired a new stake in shares of TE Connectivity during the 2nd quarter valued at about $26,000. SOA Wealth Advisors LLC. raised its position in TE Connectivity by 47.4% during the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 54 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 66 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in TE Connectivity in the third quarter worth approximately $39,000. Finally, Neo Ivy Capital Management acquired a new position in shares of TE Connectivity during the 2nd quarter worth $30,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

NYSE:TEL opened at $222.58 on Friday. The firm’s 50-day moving average is $230.79 and its 200-day moving average is $220.93. The company has a market cap of $65.31 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.72 and a beta of 1.24. 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 Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67.

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, beating the consensus estimate of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 20th. TE Connectivity’s payout ratio is 40.98%.

Insider Buying and Selling

In other news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TEL shares. Evercore ISI upped their price objective on shares of TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Oppenheimer upgraded TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 price target for the company in a research note on Tuesday. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Barclays increased 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. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.86.

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.