TE Connectivity Slides as Astrodyne Deal Appears to Overshadow Strong Quarterly Results

TE Connectivity plc (TEL) is down 6.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears to be tied less to TE Connectivity’s quarterly numbers and more to investor reaction to its newly announced Astrodyne TDI acquisition. This could be because buyers worried about the $1.4 billion price tag, integration risk, or near-term capital allocation even though the company posted an earnings beat and raised its outlook.

Details:

TE Connectivity reported fiscal third-quarter net sales of $5.16 billion, up 14% year over year, with adjusted EPS of $2.94, ahead of the prior quarter’s guidance and above consensus expectations.

The company said fourth-quarter adjusted EPS should be about $3.05 and revenue about $5.25 billion, both ahead of market expectations and supported by continued demand tied to AI infrastructure, data networks, and power applications.

On the same day, TE Connectivity announced an agreement to acquire Astrodyne TDI for about $1.4 billion, adding a new deal-related variable for investors to assess.

Management highlighted record quarterly orders of about $5.7 billion and a stronger backlog, so the stock weakness looks more consistent with concerns around the acquisition than with deterioration in the operating results.

Sources:

TE Connectivity, SEC, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TEL Insider Trading Activity

$TEL insiders have traded $TEL stock on the open market 23 times in the past 6 months. Of those trades, 0 have been purchases and 23 have been sales.

Here’s a breakdown of recent trading of $TEL stock by insiders over the last 6 months:

SHADRAK W KROEGER (Pres., Industrial Solutions) has made 0 purchases and 21 sales selling 53,565 shares for an estimated $11,964,161.
JOHN S JENKINS (EVP & General Counsel) sold 6,155 shares for an estimated $1,371,395
REUBEN M. SHAFFER (SVP and Corporate Controller) sold 1,425 shares for an estimated $333,853

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$TEL Hedge Fund Activity

We have seen 507 institutional investors add shares of $TEL stock to their portfolio, and 560 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 3,213,980 shares (+14.2%) to their portfolio in Q1 2026, for an estimated $671,786,099
PRICE T ROWE ASSOCIATES INC /MD/ removed 2,648,062 shares (-22.8%) from their portfolio in Q1 2026, for an estimated $553,497,919
J. STERN & CO. LLP removed 1,948,184 shares (-99.5%) from their portfolio in Q1 2026, for an estimated $407,209,419
CURATED WEALTH PARTNERS LLC added 1,827,552 shares (+inf%) to their portfolio in Q2 2026, for an estimated $368,452,758
TWO SIGMA INVESTMENTS, LP added 1,570,092 shares (+1278.7%) to their portfolio in Q1 2026, for an estimated $328,180,629
POINT72 ASSET MANAGEMENT, L.P. removed 1,018,533 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $212,893,767
HSBC HOLDINGS PLC added 885,658 shares (+385.0%) to their portfolio in Q1 2026, for an estimated $185,120,235

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TEL Congressional Stock Trading

Members of Congress have traded $TEL stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $TEL stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 3 purchases worth up to $45,000 on 06/05, 05/29, 03/18 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$TEL Price Targets

Multiple analysts have issued price targets for $TEL recently. We have seen 9 analysts offer price targets for $TEL in the last 6 months, with a median target of $250.0.

Here are some recent targets:

Colin Langan from Wells Fargo set a target price of $230.0 on 06/25/2026
Amit Daryanani from Evercore ISI Group set a target price of $230.0 on 06/22/2026
Guy Hardwick from Barclays set a target price of $300.0 on 06/15/2026
Stephen Bersey from HSBC set a target price of $234.0 on 04/23/2026
William Stein from Truist Securities set a target price of $240.0 on 04/23/2026
Joseph Spak from UBS set a target price of $261.0 on 04/23/2026
Mark Delaney from Goldman Sachs set a target price of $270.0 on 04/14/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.