VIRGINIA RETIREMENT SYSTEMS ET Al Increases Stake in TE Connectivity Ltd. $TEL

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 99.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,100 shares of the electronics maker’s stock after buying an additional 104,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TE Connectivity were worth $47,572,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TEL. Kohmann Bosshard Financial Services LLC purchased a new position in shares of TE Connectivity during the fourth quarter valued at $25,000. Caitlin John LLC bought a new position in shares of TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity in the third quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its stake in 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 in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Activity

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total value of $333,777.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $233.82, for a total value of $2,197,908.00. Following the completion of the transaction, the insider owned 32,541 shares of the company’s stock, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 45,590 shares of company stock valued at $10,276,864. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of recent research reports. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research note on Wednesday, April 22nd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Wells Fargo & Company raised their price objective on TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. UBS Group dropped their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $213.74 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company has a market cap of $62.39 billion, a PE ratio of 21.83, a P/E/G ratio of 1.46 and a beta of 1.18. The business has a 50-day simple moving average of $212.72 and a two-hundred day simple moving average of $225.44. TE Connectivity Ltd. has a fifty-two week low of $155.37 and a fifty-two week high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, equities analysts expect that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. The ex-dividend date is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 29.01%.

About TE Connectivity

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.