TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC cut its position in shares of TE Connectivity Ltd. (NYSE:TELGet Rating) by 15.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,921 shares of the electronics maker’s stock after selling 360 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in TE Connectivity were worth $217,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TEL. Aspire Private Capital LLC grew its holdings in shares of TE Connectivity by 1.8% in the 2nd quarter. Aspire Private Capital LLC now owns 4,645 shares of the electronics maker’s stock worth $526,000 after acquiring an additional 80 shares during the last quarter. Trust Asset Management LLC lifted its position in shares of TE Connectivity by 2.6% in the first quarter. Trust Asset Management LLC now owns 3,295 shares of the electronics maker’s stock worth $432,000 after buying an additional 83 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of TE Connectivity by 4.0% during the 1st quarter. Thoroughbred Financial Services LLC now owns 2,277 shares of the electronics maker’s stock worth $298,000 after purchasing an additional 87 shares during the last quarter. Lebenthal Global Advisors LLC lifted its position in shares of TE Connectivity by 5.0% during the 1st quarter. Lebenthal Global Advisors LLC now owns 1,925 shares of the electronics maker’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Finally, Lincoln National Corp lifted its position in shares of TE Connectivity by 7.3% during the 1st quarter. Lincoln National Corp now owns 1,550 shares of the electronics maker’s stock worth $203,000 after purchasing an additional 106 shares during the last quarter. 90.61% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Up 2.0 %

TEL stock opened at $127.03 on Wednesday. The firm has a market cap of $40.63 billion, a P/E ratio of 17.01, a P/E/G ratio of 2.49 and a beta of 1.31. The company has a current ratio of 1.57, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. TE Connectivity Ltd. has a 1-year low of $104.76 and a 1-year high of $166.44. The business’s 50 day moving average is $117.94 and its 200-day moving average is $122.16.

TE Connectivity (NYSE:TELGet Rating) last announced its earnings results on Wednesday, November 2nd. The electronics maker reported $1.88 EPS for the quarter, topping the consensus estimate of $1.87 by $0.01. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.22 billion. TE Connectivity had a return on equity of 22.31% and a net margin of 14.91%. Equities analysts anticipate that TE Connectivity Ltd. will post 6.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TEL. StockNews.com raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th. Bank of America lowered their price target on TE Connectivity from $146.00 to $140.00 in a research note on Wednesday, November 2nd. Royal Bank of Canada lowered their price target on TE Connectivity from $147.00 to $138.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price target on TE Connectivity from $145.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, November 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, TE Connectivity currently has an average rating of “Hold” and a consensus price target of $136.63.

Insider Transactions at TE Connectivity

In other news, SVP Tim Murphy sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $131.13, for a total value of $524,520.00. Following the transaction, the senior vice president now directly owns 17,754 shares of the company’s stock, valued at approximately $2,328,082.02. 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, Director Terrence R. Curtin sold 21,929 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $131.75, for a total transaction of $2,889,145.75. Following the transaction, the director now owns 54,969 shares of the company’s stock, valued at approximately $7,242,165.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Tim Murphy sold 4,000 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $131.13, for a total value of $524,520.00. Following the transaction, the senior vice president now directly owns 17,754 shares in the company, valued at approximately $2,328,082.02. The disclosure for this sale can be found here. Insiders have sold 28,929 shares of company stock valued at $3,809,216 in the last three months. 0.73% of the stock is owned by corporate insiders.

About TE Connectivity

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

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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