MUFG Americas Holdings Corp boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,467 shares of the company’s stock after buying an additional 19 shares during the period. MUFG Americas Holdings Corp’s holdings in TE Connectivity were worth $1,002,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TEL. Virtus Investment Advisers Inc. purchased a new position in TE Connectivity during the third quarter valued at approximately $105,000. Paradigm Asset Management Co. LLC raised its position in TE Connectivity by 12.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,750 shares of the company’s stock valued at $121,000 after buying an additional 200 shares during the last quarter. Global X Management Co. LLC raised its position in TE Connectivity by 97.0% in the third quarter. Global X Management Co. LLC now owns 2,098 shares of the company’s stock valued at $135,000 after buying an additional 1,033 shares during the last quarter. SRB Corp raised its position in TE Connectivity by 3.8% in the third quarter. SRB Corp now owns 2,483 shares of the company’s stock valued at $160,000 after buying an additional 92 shares during the last quarter. Finally, Bienville Capital Management LLC purchased a new position in TE Connectivity during the second quarter valued at approximately $202,000. 91.15% of the stock is owned by institutional investors.
TE Connectivity Ltd. (NYSE:TEL) traded down 0.27% during mid-day trading on Friday, hitting $75.11. The company had a trading volume of 1,914,501 shares. The company has a 50-day moving average price of $71.55 and a 200 day moving average price of $65.86. The company has a market capitalization of $26.69 billion, a P/E ratio of 13.14 and a beta of 1.16. TE Connectivity Ltd. has a 52-week low of $54.54 and a 52-week high of $76.49.
TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.15. TE Connectivity had a return on equity of 19.26% and a net margin of 16.56%. The firm earned $3.10 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that TE Connectivity Ltd. will post $4.43 EPS for the current fiscal year.
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Several research analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of TE Connectivity from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Goldman Sachs Group, Inc. (The) downgraded TE Connectivity from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $63.00 to $64.00 in a research report on Wednesday, January 4th. Royal Bank Of Canada lifted their target price on TE Connectivity from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd. Zacks Investment Research downgraded TE Connectivity from a “hold” rating to a “sell” rating in a research report on Monday, October 31st. Finally, Longbow Research upgraded TE Connectivity from a “neutral” rating to a “buy” rating in a research report on Thursday, January 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.40.
In other TE Connectivity news, COO Joseph B. Donahue sold 32,188 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $66.90, for a total value of $2,153,377.20. Following the completion of the sale, the chief operating officer now directly owns 43,694 shares in the company, valued at approximately $2,923,128.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Terrence R. Curtin sold 2,031 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $66.75, for a total value of $135,569.25. Following the completion of the sale, the insider now owns 43,952 shares of the company’s stock, valued at $2,933,796. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 591,010 shares of company stock valued at $41,126,314. 1.30% of the stock is owned by company insiders.
About TE Connectivity
TE Connectivity Ltd. is a technology company, which designs and manufactures connectivity and sensors solutions. The Company operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Company’s segments manufacture and distribute its products and solutions to a range of end markets.
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