TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.3% in the 1st quarter, HoldingsChannel reports. The firm owned 3,340 shares of the electronics maker’s stock after selling 113 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in TE Connectivity were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TEL. JFS Wealth Advisors LLC raised its position in shares of TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 91 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in TE Connectivity by 112.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 100 shares during the period. Godsey & Gibb Inc. grew its stake in TE Connectivity by 103.6% in the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 114 shares during the period. Crewe Advisors LLC purchased a new stake in TE Connectivity in the 4th quarter worth approximately $33,000. Finally, Sachetta LLC purchased a new stake in TE Connectivity in the 4th quarter worth approximately $34,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Aaron Kyle Stucki sold 8,750 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the completion of the sale, the insider now directly owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares in the company, valued at approximately $3,186,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. In the last three months, insiders sold 20,794 shares of company stock valued at $3,102,206. Company insiders own 0.86% of the company’s stock.

TE Connectivity Stock Up 3.5 %

TE Connectivity stock traded up $5.37 during trading on Wednesday, reaching $156.77. 2,825,849 shares of the company’s stock were exchanged, compared to its average volume of 1,956,233. The company’s 50-day moving average is $150.95 and its two-hundred day moving average is $144.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $159.98. The firm has a market cap of $48.01 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.09 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the company earned $1.65 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. On average, analysts predict that TE Connectivity Ltd. will post 7.5 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Vertical Research assumed coverage on shares of TE Connectivity in a research note on Tuesday. They issued a “hold” rating and a $155.00 target price for the company. StockNews.com assumed coverage on shares of TE Connectivity in a research note on Friday, July 19th. They issued a “buy” rating for the company. HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research note on Wednesday. Wells Fargo & Company lowered their price objective on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Hold” and an average target price of $157.09.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.