Rothschild Investment LLC Cuts Position in TE Connectivity Ltd. (NYSE:TEL)

Rothschild Investment LLC cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,928 shares of the electronics maker’s stock after selling 95 shares during the period. Rothschild Investment LLC’s holdings in TE Connectivity were worth $1,419,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity during the 4th quarter valued at $26,000. Golden State Wealth Management LLC bought a new position in TE Connectivity during the fourth quarter valued at about $44,000. Hilltop National Bank purchased a new stake in TE Connectivity during the fourth quarter worth about $55,000. Deseret Mutual Benefit Administrators bought a new stake in TE Connectivity in the fourth quarter worth about $57,000. Finally, Webster Bank N. A. purchased a new position in TE Connectivity in the fourth quarter valued at about $61,000. 91.43% of the stock is currently owned by institutional investors.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on TEL. Truist Financial decreased their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Citigroup boosted their target price on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Bank of America increased their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.00.

TE Connectivity Trading Down 0.8 %

Shares of TE Connectivity stock opened at $153.31 on Tuesday. The company’s 50-day moving average price is $147.27 and its 200-day moving average price is $148.55. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 12-month low of $137.61 and a 12-month high of $159.98. The company has a market cap of $45.74 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity declared that its board has authorized a stock buyback program on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.