TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 315,705 shares of the electronics maker’s stock after selling 12,191 shares during the quarter. TE Connectivity comprises about 1.3% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Anchor Capital Advisors LLC owned 0.11% of TE Connectivity worth $45,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEL. QRG Capital Management Inc. grew its holdings in TE Connectivity by 3.3% during the fourth quarter. QRG Capital Management Inc. now owns 108,161 shares of the electronics maker’s stock worth $15,464,000 after acquiring an additional 3,432 shares during the period. Versor Investments LP grew its stake in shares of TE Connectivity by 457.4% in the 4th quarter. Versor Investments LP now owns 14,492 shares of the electronics maker’s stock worth $2,072,000 after purchasing an additional 11,892 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $5,171,000. Oppenheimer & Co. Inc. lifted its stake in TE Connectivity by 16.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,889 shares of the electronics maker’s stock valued at $699,000 after purchasing an additional 698 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in TE Connectivity by 2.4% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 123,453 shares of the electronics maker’s stock worth $17,650,000 after buying an additional 2,900 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE TEL opened at $151.89 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The firm has a market capitalization of $45.32 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. The company has a 50 day simple moving average of $147.66 and a 200-day simple moving average of $148.66. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup increased their price objective on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Robert W. Baird lifted their price target on TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America boosted their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, HSBC upgraded shares of TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price for the company in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $167.00.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. The trade was a 13.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

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.