ProShare Advisors LLC Sells 6,128 Shares of TE Connectivity Ltd. $TEL

ProShare Advisors LLC cut its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.6% during the third quarter, Holdings Channel reports. The institutional investor owned 103,749 shares of the electronics maker’s stock after selling 6,128 shares during the quarter. ProShare Advisors LLC’s holdings in TE Connectivity were worth $22,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TEL. Princeton Global Asset Management LLC bought a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $26,000. Neo Ivy Capital Management bought a new stake in shares of TE Connectivity during the second quarter valued at approximately $30,000. Salomon & Ludwin LLC raised its stake in shares of 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 purchasing an additional 66 shares in the last quarter. Caldwell Trust Co bought a new position in TE Connectivity in the second quarter worth $31,000. Finally, Geneos Wealth Management Inc. boosted its stake 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 buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity 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 transaction, the executive vice president directly owned 21,810 shares of the company’s stock, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TEL. TD Cowen restated a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Oppenheimer raised shares of TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 target price on the stock in a research note on Tuesday, January 27th. Evercore raised their price target on shares of TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Barclays upped their price objective on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average price target of $250.86.

TE Connectivity Stock Performance

NYSE TEL opened at $225.83 on Wednesday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The company has a 50 day moving average of $230.26 and a 200-day moving average of $223.07. 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 market cap of $66.27 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 1.72 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 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 for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the business earned $1.95 EPS. TE Connectivity’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. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

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 issued 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 dividend payout ratio is presently 40.98%.

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.