Alps Advisors Inc. Grows Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Alps Advisors Inc. increased its stake in shares of TE Connectivity Ltd. (NYSE:TELGet Rating) by 108.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,359 shares of the electronics maker’s stock after buying an additional 3,304 shares during the quarter. Alps Advisors Inc.’s holdings in TE Connectivity were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in TE Connectivity by 573.5% in the 1st quarter. American Century Companies Inc. now owns 803,455 shares of the electronics maker’s stock valued at $105,237,000 after purchasing an additional 684,157 shares in the last quarter. Cooke & Bieler LP boosted its holdings in TE Connectivity by 53.2% in the 1st quarter. Cooke & Bieler LP now owns 1,484,899 shares of the electronics maker’s stock valued at $194,492,000 after purchasing an additional 515,819 shares in the last quarter. Invesco Ltd. boosted its holdings in TE Connectivity by 14.9% in the 1st quarter. Invesco Ltd. now owns 3,809,763 shares of the electronics maker’s stock valued at $499,002,000 after purchasing an additional 495,028 shares in the last quarter. Woodline Partners LP boosted its holdings in TE Connectivity by 22,096.3% in the 1st quarter. Woodline Partners LP now owns 461,682 shares of the electronics maker’s stock valued at $60,471,000 after purchasing an additional 459,602 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in TE Connectivity by 24.9% in the 1st quarter. Ninety One UK Ltd now owns 2,183,770 shares of the electronics maker’s stock valued at $286,030,000 after purchasing an additional 435,195 shares in the last quarter. Hedge funds and other institutional investors own 90.61% of the company’s stock.

TE Connectivity Trading Up 1.6 %

Shares of TE Connectivity stock opened at $126.39 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.57 and a quick ratio of 0.99. TE Connectivity Ltd. has a 1 year low of $104.76 and a 1 year high of $166.37. The company has a market capitalization of $40.09 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.53 and a beta of 1.31. The business has a 50 day moving average price of $117.82 and a 200 day moving average price of $122.10.

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

Wall Street Analyst Weigh In

TEL has been the topic of a number of analyst reports. Bank of America lowered their price objective on TE Connectivity from $146.00 to $140.00 in a report on Wednesday, November 2nd. StockNews.com lowered TE Connectivity from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of TE Connectivity from $145.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, November 3rd. Finally, Royal Bank of Canada reduced their price target on shares of TE Connectivity from $147.00 to $138.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $136.63.

Insider Buying and Selling

In other TE Connectivity news, Director Terrence R. Curtin sold 3,000 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $131.85, for a total value of $395,550.00. Following the completion of the transaction, the director now directly owns 54,969 shares in the company, valued at approximately $7,247,662.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TE Connectivity news, insider Shadrak W. Kroeger sold 42,150 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $126.25, for a total value of $5,321,437.50. Following the completion of the transaction, the insider now directly owns 15,595 shares in the company, valued at approximately $1,968,868.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Terrence R. Curtin sold 3,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $131.85, for a total value of $395,550.00. Following the completion of the transaction, the director now owns 54,969 shares of the company’s stock, valued at $7,247,662.65. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

TE Connectivity Profile

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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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