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BERWYN, PA — John S. Jenkins, the Executive Vice President and General Counsel of TE Connectivity plc (NYSE:TEL), recently executed a significant stock sale. According to a recent SEC filing, Jenkins sold 20,400 common shares on May 13, 2025, at a weighted average price of $162.85 per share, near the stock’s 52-week high of $163.39. The sale generated approximately $3.32 million from the $47.87 billion market cap company. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
The transaction was part of a broader series of moves by Jenkins, who also exercised stock options to acquire the same number of shares at a price of $93.63 each, totaling around $1.91 million. This exercise and subsequent sale were executed on the same day.
Following these transactions, Jenkins now holds 24,625 shares of TE Connectivity directly. The stock options exercised were originally granted on November 15, 2019, and were fully vested by the time of the transaction.
In other recent news, TE Connectivity reported fiscal second quarter results that exceeded market expectations, with adjusted earnings of $2.10 per share surpassing the consensus estimate of $1.96. Revenue for the quarter rose 4% year-over-year to $4.1 billion, topping estimates of $3.96 billion. The company also issued strong guidance for the fiscal third quarter, forecasting adjusted earnings of approximately $2.06 per share on revenue of about $4.3 billion, both above Wall Street projections. Additionally, TE Connectivity has priced a $900 million senior notes offering through its subsidiary, Tyco Electronics Group S.A., with proceeds intended for general corporate purposes, including debt repayment from a recent acquisition. HSBC analysts have upgraded TE Connectivity’s stock from a Hold to a Buy rating, increasing the price target to $175 from $166, citing the company’s growth prospects and valuation. The analysts noted that the stock’s current price-to-earnings multiples are at a discount compared to historical averages. The company’s Industrial segment reported a 17% sales growth, driven by advancements in AI, aerospace, and energy applications.
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