TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Clearview Wealth Advisors LLC

Clearview Wealth Advisors LLC trimmed its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,175 shares of the electronics maker’s stock after selling 103 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in TE Connectivity were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TEL. JFS Wealth Advisors LLC lifted its stake in TE Connectivity by 97.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after buying an additional 91 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after buying an additional 128 shares during the period. Olistico Wealth LLC purchased a new position in TE Connectivity in the second quarter valued at about $30,000. Finally, Godsey & Gibb Inc. raised its position in TE Connectivity by 103.6% during the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of the stock in a transaction on 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 sale, the insider now owns 20,556 shares in the company, valued at approximately $3,186,180. The disclosure for this sale can be found here. Insiders sold 76,363 shares of company stock valued at $11,791,461 in the last ninety days. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of several analyst reports. Truist Financial increased their price target on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Wells Fargo & Company cut their target price on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. StockNews.com began coverage on TE Connectivity in a report on Wednesday. They set a “buy” rating on the stock. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research report on Wednesday, July 24th. Finally, Bank of America upped their target price on shares of TE Connectivity from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.45.

TE Connectivity Price Performance

Shares of TEL stock traded up $2.11 during trading hours on Friday, hitting $153.60. The company had a trading volume of 1,855,724 shares, compared to its average volume of 1,420,685. TE Connectivity Ltd. has a 12 month low of $115.00 and a 12 month high of $159.98. 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’s fifty day moving average is $150.73 and its 200 day moving average is $147.02. The firm has a market capitalization of $46.68 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.08 and a beta of 1.33.

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

About TE Connectivity

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.