5,117 Shares in TE Connectivity Ltd. (NYSE:TEL) Bought by &Partners

&Partners bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,117 shares of the electronics maker’s stock, valued at approximately $770,000.

Several other hedge funds have also modified their holdings of TEL. JFS Wealth Advisors LLC raised its stake 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 acquiring an additional 91 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of TE Connectivity by 209.8% in the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 128 shares in the last quarter. Olistico Wealth LLC purchased a new position in TE Connectivity during the 2nd quarter worth $30,000. Finally, Godsey & Gibb Inc. increased its position in TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after buying an additional 114 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Hsbc Global Res raised TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Vertical Research assumed coverage on shares of TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 target price on the stock. Truist Financial raised their price target on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Finally, HSBC lowered 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, July 24th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $158.45.

TE Connectivity Stock Performance

TE Connectivity stock traded up $2.23 during midday trading on Friday, hitting $152.92. 235,466 shares of the company were exchanged, compared to its average volume of 1,903,897. The business has a fifty day simple moving average of $150.50 and a two-hundred day simple moving average of $146.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. The firm has a market capitalization of $46.48 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $159.98.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the company earned $1.77 EPS. The business’s revenue was up .1% on a year-over-year basis. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Insider Transactions at TE Connectivity

In related news, CFO Heath A. Mitts sold 59,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the completion of the transaction, the chief financial officer now owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the transaction, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at $5,889,893.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the completion of the sale, the insider now owns 20,556 shares in the company, valued at $3,186,180. The disclosure for this sale can be found here. Insiders have sold a total of 76,363 shares of company stock valued at $11,791,461 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

TE Connectivity Company 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.