Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in TE Connectivity Ltd. $TEL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in TE Connectivity Ltd. (NYSE:TEL) by 8.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 77,653 shares of the electronics maker’s stock after acquiring an additional 6,223 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TE Connectivity were worth $16,231,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TEL. Brighton Jones LLC purchased a new position in shares of TE Connectivity in the fourth quarter valued at approximately $820,000. Sivia Capital Partners LLC boosted its position in shares of TE Connectivity by 66.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after acquiring an additional 1,007 shares in the last quarter. Walleye Capital LLC boosted its holdings in TE Connectivity by 14.6% in the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 343 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of TE Connectivity by 1,214.0% in the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after buying an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of TE Connectivity by 75.0% during the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock worth $3,927,000 after purchasing an additional 9,980 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $199.80 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $206.75 and its 200 day moving average price is $216.93. TE Connectivity Ltd. has a 52 week low of $173.54 and a 52 week high of $252.56. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.40 and a beta of 1.17.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, research analysts forecast that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is currently 31.87%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Monday, June 1st. The stock was 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 approximately $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

TEL has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Truist Financial cut their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. UBS Group cut their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.92.

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.