TE Connectivity Ltd. (NYSE:TEL) Shares Sold by M Holdings Securities Inc.

M Holdings Securities Inc. trimmed its stake in shares of TE Connectivity Ltd. (NYSE:TEL – Get Rating) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,300 shares of the electronics maker’s stock after selling 287 shares during the period. M Holdings Securities Inc.’s holdings in TE Connectivity were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TEL. Cibc World Market Inc. lifted its position in shares of TE Connectivity by 63.8% during the 1st quarter. Cibc World Market Inc. now owns 11,366 shares of the electronics maker’s stock valued at $1,489,000 after acquiring an additional 4,427 shares during the period. Cetera Investment Advisers raised its position in shares of TE Connectivity by 16.2% during the 1st quarter. Cetera Investment Advisers now owns 25,817 shares of the electronics maker’s stock worth $3,382,000 after purchasing an additional 3,598 shares during the last quarter. Dakota Wealth Management raised its position in shares of TE Connectivity by 23.0% during the 1st quarter. Dakota Wealth Management now owns 4,259 shares of the electronics maker’s stock worth $558,000 after purchasing an additional 797 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of TE Connectivity by 108.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,336 shares of the electronics maker’s stock worth $437,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of TE Connectivity by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock worth $3,617,824,000 after purchasing an additional 308,580 shares during the last quarter. 91.10% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Down 2.0 %

Shares of NYSE TEL opened at $123.93 on Thursday. TE Connectivity Ltd. has a 52-week low of $104.76 and a 52-week high of $138.24. The firm has a fifty day moving average of $127.22 and a 200-day moving average of $122.25. The stock has a market capitalization of $39.22 billion, a PE ratio of 17.73, a P/E/G ratio of 2.76 and a beta of 1.32. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.30.

TE Connectivity (NYSE:TEL – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.03. TE Connectivity had a net margin of 13.85% and a return on equity of 21.25%. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company earned $1.76 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that TE Connectivity Ltd. will post 6.56 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on TEL shares. Credit Suisse Group cut their price objective on TE Connectivity from $123.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, February 1st. Robert W. Baird cut their price objective on TE Connectivity from $147.00 to $143.00 in a research report on Thursday, January 26th. Jefferies Financial Group lifted their price objective on TE Connectivity from $140.00 to $154.00 in a research report on Tuesday, November 22nd. JPMorgan Chase & Co. cut their price target on TE Connectivity from $135.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. Finally, Stifel Nicolaus downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $130.00 price target for the company. in a report on Wednesday, February 15th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $136.00.

TE Connectivity Company Profile

(Get Rating)

TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensor solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.