Procyon Advisors LLC Has $2.60 Million Stock Holdings in TE Connectivity Ltd. $TEL

Procyon Advisors LLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 60.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,820 shares of the electronics maker’s stock after acquiring an additional 4,457 shares during the quarter. Procyon Advisors LLC’s holdings in TE Connectivity were worth $2,595,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TEL. Brighton Jones LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth approximately $820,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in TE Connectivity by 31.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 944 shares of the electronics maker’s stock valued at $159,000 after acquiring an additional 228 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of TE Connectivity by 17.6% during the 2nd quarter. Parallel Advisors LLC now owns 5,811 shares of the electronics maker’s stock valued at $980,000 after acquiring an additional 870 shares during the period. Gradient Investments LLC lifted its position in TE Connectivity by 21.6% during the second quarter. Gradient Investments LLC now owns 4,245 shares of the electronics maker’s stock worth $716,000 after purchasing an additional 753 shares during the period. Finally, Everpar Advisors LLC acquired a new stake in TE Connectivity during the second quarter worth about $213,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other news, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value 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 $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent analyst reports. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 8th. Truist Financial lifted their price target on shares of TE Connectivity from $239.00 to $240.00 and gave the company a “hold” rating in a report on Friday, December 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a report on Thursday. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.08.

TE Connectivity Trading Up 0.3%

Shares of TEL stock opened at $237.30 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The stock has a 50-day moving average of $232.02 and a 200-day moving average of $216.43. The stock has a market cap of $69.81 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 1.82 and a beta of 1.24.

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

TE Connectivity Announces Dividend

The firm also recently declared 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio is presently 46.18%.

TE Connectivity 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.