TE Connectivity Ltd. $TEL Shares Bought by Tidal Investments LLC

Tidal Investments LLC boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 13.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 47,226 shares of the electronics maker’s stock after acquiring an additional 5,753 shares during the period. Tidal Investments LLC’s holdings in TE Connectivity were worth $9,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. Gulf International Bank UK Ltd raised its holdings in shares of TE Connectivity by 0.3% in the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after buying an additional 44 shares during the period. MCF Advisors LLC raised its holdings in TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after acquiring an additional 45 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in TE Connectivity by 5.6% in the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after acquiring an additional 47 shares during the last quarter. Harbour Investments Inc. grew its holdings in TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after acquiring an additional 48 shares in the last quarter. Finally, Security National Bank of SO Dak increased its position in shares of TE Connectivity by 0.5% in the 2nd quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 3.7%

Shares of TEL opened at $212.18 on Friday. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The firm has a market capitalization of $61.43 billion, a P/E ratio of 20.80, a PEG ratio of 1.42 and a beta of 1.16. The firm’s 50-day moving average is $206.37 and its two-hundred day moving average is $209.86. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, research analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TEL. Citigroup dropped their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Evercore restated an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company upped their price target on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Finally, Robert W. Baird lowered their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.00.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.