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In a recent transaction, Kroeger Shadrak, President of Industrial Solutions at TE Connectivity plc (NYSE:TEL), a prominent player in the Electronic Equipment industry with a market capitalization of $45 billion, sold common shares worth approximately $3.67 million. According to InvestingPro analysis, the company maintains a GOOD financial health score and is currently trading near its Fair Value. The sales, conducted on March 4, involved a total of 25,000 shares at prices ranging from $146.23 to $148.11 per share. This transaction was part of a pre-established Rule 10b5-1 trading plan. Prior to the sales, Shadrak exercised stock options to acquire 25,000 common shares at a price of $76.66 per share. Following these transactions, Shadrak holds 25,976 shares directly. Notably, InvestingPro data shows the stock generally trades with low price volatility, and management has been actively buying back shares. For deeper insights into TEL’s insider trading patterns and 12+ additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, TE Connectivity reported fiscal second quarter 2025 earnings per share (EPS) of $1.95, surpassing consensus expectations by 2.4%, primarily due to strong performance in its Transportation Solutions segment. Despite softer revenue, UBS increased its price target for TE Connectivity to $188, maintaining a Buy rating, reflecting optimism about the company’s future earnings and growth prospects. Meanwhile, Baird also raised its price target for TE Connectivity to $168, citing stabilization in industrial equipment and growth in AI and non-AI cloud applications as positive indicators for the company’s future. In contrast, Truist Securities reduced its price target to $163 due to foreign exchange impacts and mixed results in the automotive sector, while maintaining a Hold rating. The company recently announced a $2.3 billion acquisition of Richards Manufacturing Co., which is expected to close in fiscal 2025, with S&P Global affirming TE Connectivity’s ’A-’ credit rating despite the acquisition. S&P Global anticipates that the acquisition will slightly boost EBITDA margins and expects revenue growth supported by AI data center buildouts and acquisitions. The stable outlook is based on maintaining EBITDA margins around 25% and leverage below 2x. These developments highlight TE Connectivity’s strategic moves and financial performance in the current market landscape.
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