Key Points
- Insider sale: Director Shadrak Kroeger sold 9,400 shares on May 6 at an average price of $215 for about $2.02M, a transaction executed under a pre-arranged Rule 10b5-1 plan that cut his holding by 26.57% to 25,976 shares.
- Capital returns boosted: TE Connectivity raised its quarterly dividend to $0.78 (from $0.71) with an ex-dividend date of May 22 and also authorized a $3.0 billion share buyback program (up to ~5% of shares).
- Solid results and analyst sentiment: The company slightly beat quarterly estimates with $2.73 EPS and $4.74B revenue, set Q3 2026 EPS guidance at 2.83, and currently carries an average analyst target near $256.57 with mostly Buy/Strong Buy ratings.
TE Connectivity Ltd. (NYSE:TEL - Get Free Report) insider Shadrak Kroeger sold 9,400 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TE Connectivity Stock Down 2.8%
Shares of NYSE TEL opened at $210.09 on Friday. The company has a market capitalization of $61.32 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.53 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The company has a 50 day simple moving average of $214.39 and a 200-day simple moving average of $225.85. TE Connectivity Ltd. has a 1 year low of $149.78 and a 1 year high of $252.56.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 EPS 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 return on equity of 23.56% and a net margin of 15.54%.The firm's quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.
TE Connectivity Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from TE Connectivity's previous quarterly dividend of $0.71. TE Connectivity's dividend payout ratio (DPR) is currently 31.87%.
TE Connectivity declared that its board has authorized a share repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.
Institutional Trading of TE Connectivity
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of TE Connectivity during the 4th quarter worth about $820,000. Sivia Capital Partners LLC boosted its holdings in shares of TE Connectivity by 66.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker's stock valued at $425,000 after buying an additional 1,007 shares in the last quarter. Walleye Capital LLC grew its position in shares of TE Connectivity by 14.6% in the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker's stock valued at $453,000 after buying an additional 343 shares during 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 raised its stake in TE Connectivity by 75.0% during the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker's stock worth $3,927,000 after acquiring an additional 9,980 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TEL has been the topic of a number of recent analyst reports. Zacks Research raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. Oppenheimer boosted their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Weiss Ratings upgraded shares of TE Connectivity from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $256.57.
Check Out Our Latest Analysis on TE Connectivity
About TE Connectivity
(
Get Free Report)
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.
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