Hollencrest Capital Management Buys 3,414 Shares of TE Connectivity Ltd. $TEL

Hollencrest Capital Management grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 31,036.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,425 shares of the electronics maker’s stock after acquiring an additional 3,414 shares during the quarter. Hollencrest Capital Management’s holdings in TE Connectivity were worth $752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in TE Connectivity in the 2nd quarter worth approximately $609,158,000. Valeo Financial Advisors LLC increased its holdings in shares of TE Connectivity by 39,846.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock worth $299,490,000 after purchasing an additional 1,771,153 shares in the last quarter. Bank of America Corp DE raised its stake 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 worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Dodge & Cox boosted its position in shares of TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after buying an additional 1,017,323 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in TE Connectivity by 21.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock worth $697,694,000 after buying an additional 739,453 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of TE Connectivity from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 23rd. Citigroup boosted their price target on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Oppenheimer raised shares of TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 target price for the company in a report on Tuesday. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $250.86.

Insiders Place Their Bets

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by company insiders.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $221.69 on Thursday. The firm has a market cap of $65.05 billion, a PE ratio of 31.99, a PEG ratio of 1.76 and a beta of 1.24. The stock has a 50 day moving average of $230.48 and a 200 day moving average of $220.58. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the company earned $1.95 EPS. The company’s quarterly revenue 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. On average, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

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