TE Connectivity Ltd. $TEL Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc grew its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,561 shares of the electronics maker’s stock after purchasing an additional 2,829 shares during the period. Prospera Financial Services Inc’s holdings in TE Connectivity were worth $3,087,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Webster Bank N. A. boosted its position in shares of TE Connectivity by 19.1% in the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock worth $65,000 after acquiring an additional 46 shares during the last quarter. Great Lakes Advisors LLC boosted its position in shares of TE Connectivity by 3.4% in the third quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock worth $320,000 after acquiring an additional 48 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in shares of TE Connectivity by 1.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 3,074 shares of the electronics maker’s stock worth $699,000 after acquiring an additional 49 shares during the last quarter. Security National Bank of SO Dak boosted its position in shares of TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after acquiring an additional 50 shares during the last quarter. Finally, Nilsine Partners LLC boosted its position in shares of TE Connectivity by 5.7% in the fourth quarter. Nilsine Partners LLC now owns 985 shares of the electronics maker’s stock worth $224,000 after acquiring an additional 53 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEL has been the topic of several research analyst reports. UBS Group decreased their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research report on Thursday, April 23rd. Wall Street Zen cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $256.57.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,200 shares of company stock worth $6,211,332 in the last 90 days. Company insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 3.1%

Shares of TEL stock opened at $209.16 on Wednesday. The stock has a market cap of $61.05 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a fifty-two week low of $158.09 and a fifty-two week high of $252.56. The firm’s 50 day moving average price is $212.34 and its two-hundred day moving average price is $222.77.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s payout ratio is 31.87%.

TE Connectivity announced that its board has initiated a share repurchase plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

TE Connectivity 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.