Prospera Financial Services Inc Purchases 7,884 Shares of TE Connectivity Ltd. $TEL

Prospera Financial Services Inc increased its position in TE Connectivity Ltd. (NYSE:TEL) by 276.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,732 shares of the electronics maker’s stock after buying an additional 7,884 shares during the quarter. Prospera Financial Services Inc’s holdings in TE Connectivity were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new stake in shares of TE Connectivity in the 2nd quarter valued at $26,000. Neo Ivy Capital Management bought a new stake in TE Connectivity in the second quarter worth $30,000. Salomon & Ludwin LLC boosted its position in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after buying an additional 66 shares during the period. Caldwell Trust Co bought a new position in shares of TE Connectivity during the second quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of TE Connectivity by 189.6% in 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 during the period. 91.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction that occurred on 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 owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TEL. Truist Financial increased their target price on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Citigroup lifted their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Finally, Evercore boosted their price objective on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.86.

TE Connectivity Stock Down 1.4%

Shares of NYSE TEL opened at $225.34 on Friday. The firm has a fifty day simple moving average of $230.05 and a two-hundred day simple moving average of $223.13. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. 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 capitalization of $66.12 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.74 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The company’s revenue for the quarter 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. Equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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