BlackRock Amends TE Connectivity Stake, Signals Passive Investment
Ticker: TEL · Form: SC 13G/A · Filed: 2024-02-06T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its TE Connectivity stake, still a passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, indicating a change in its ownership of TE Connectivity Ltd. common stock as of December 31, 2023. This amendment, filed under Rule 13d-1(b), updates BlackRock's passive investment position in the electronic parts and equipment company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy, potentially influencing other investors' perceptions of TE Connectivity Ltd.
Why It Matters
This filing shows BlackRock's updated, passive ownership in TE Connectivity Ltd., which can influence market sentiment and potentially impact the stock's perceived stability.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which typically carries low risk for the average shareholder.
Analyst Insight
Investors should note BlackRock's continued passive stake in TE Connectivity Ltd., but this filing alone doesn't suggest an immediate need for action. It's a routine update from a major institutional holder.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- TE Connectivity Ltd. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 6, 2024 (date) — the date the SC 13G/A was filed
- Rule 13d-1(b) (other) — the rule under which the Schedule 13G is filed, indicating a passive investor
Forward-Looking Statements
- BlackRock will maintain a passive investment strategy in TE Connectivity Ltd. (BlackRock Inc.) — high confidence, target: Next 12 months
- TE Connectivity Ltd.'s stock price will not experience significant volatility directly due to this filing. (TE Connectivity Ltd.) — high confidence, target: Next 30 days
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G, filed by BlackRock Inc.
Which company's shares are the subject of this filing?
The subject company is TE Connectivity Ltd., identified by the CIK 0001385157 and the name 'TE CONNECTIVITY LTD'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event requiring this filing was December 31, 2023.
Under which specific rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the filing.
What is the SEDOL Number for the class of securities reported?
The SEDOL Number for the Common Stock of TE Connectivity Ltd. is B62B7C3.
From the Filing
EDGAR Filing Documents for 0001086364-24-006607 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-006607 Filing Date 2024-02-06 Accepted 2024-02-06 09:36:34 Documents 1 Document Format Files Seq Description Document Type Size 1 ch0102993182_020524.txt SC 13G/A 12040 Complete submission text file 0001086364-24-006607.txt 13946 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address MUHLENSTRASSE 26 SCHAFFHAUSEN V8 CH-8200 Business Address MUHLENSTRASSE 26 SCHAFFHAUSEN V8 CH-8200 41 0 52 633 6661 TE Connectivity Ltd. (Subject) CIK : 0001385157 (see all company filings) EIN. : 980518048 | State of Incorp.: V8 | Fiscal Year End: 0927 Type: SC 13G/A | Act: 34 | File No.: 005-83716 | Film No.: 24598389 SIC : 5065 Wholesale-Electronic Parts & Equipment, NEC (CF Office: 07 Trade & Services)