TE Connectivity Ltd. (NYSE:TEL) Sees Significant Increase in Short Interest

TE Connectivity Ltd. (NYSE:TEL) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,168,366 shares, a growth of 24.4% from the November 30th total of 4,156,075 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 2,202,453 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 2,202,453 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.8% of the company’s stock are sold short.

Analysts Set New Price Targets

TEL has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of TE Connectivity from $241.00 to $245.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Truist Financial boosted their price target on TE Connectivity from $239.00 to $240.00 and gave the company a “hold” rating in a report on Friday, December 19th. Finally, Cowen reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the sale, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the transaction, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of TE Connectivity

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after acquiring an additional 410,910 shares during the period. Dodge & Cox boosted its stake in TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after purchasing an additional 1,017,323 shares in the last quarter. State Street Corp increased its position in shares of TE Connectivity by 0.8% during the 3rd quarter. State Street Corp now owns 13,028,927 shares of the electronics maker’s stock valued at $2,860,244,000 after purchasing an additional 100,194 shares during the period. Ameriprise Financial Inc. raised its stake in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after buying an additional 464,853 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after buying an additional 1,352,152 shares during the period. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Performance

Shares of NYSE TEL traded down $1.63 during midday trading on Wednesday, hitting $228.76. 198,411 shares of the company’s stock were exchanged, compared to its average volume of 1,836,952. TE Connectivity has a twelve month low of $116.30 and a twelve month high of $250.67. The firm has a market cap of $67.30 billion, a P/E ratio of 37.19, a PEG ratio of 1.78 and a beta of 1.25. The stock’s 50 day moving average price is $233.90 and its 200-day moving average price is $211.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the business earned $1.95 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Equities research analysts anticipate that TE Connectivity will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio is presently 46.18%.

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.