3,961 Shares in TE Connectivity Ltd. (NYSE:TEL) Acquired by Norden Group LLC

Norden Group LLC bought a new stake in TE Connectivity Ltd. (NYSE:TELFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,961 shares of the electronics maker’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its stake in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of TE Connectivity by 112.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of TE Connectivity in the 4th quarter valued at approximately $30,000. Crewe Advisors LLC purchased a new position in shares of TE Connectivity in the 4th quarter valued at approximately $33,000. Finally, Sachetta LLC purchased a new position in shares of TE Connectivity in the 4th quarter valued at approximately $34,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TEL. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Wells Fargo & Company reduced their price target on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Robert W. Baird reduced their price target on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Jefferies Financial Group began coverage on TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.13.

Check Out Our Latest Research Report on TE Connectivity

TE Connectivity Stock Performance

Shares of TEL stock opened at $149.43 on Monday. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $153.54. The stock has a market cap of $45.76 billion, a PE ratio of 13.67, a P/E/G ratio of 2.20 and a beta of 1.33. The stock has a fifty day moving average price of $148.48 and a 200 day moving average price of $143.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45.

TE Connectivity (NYSE:TELGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts forecast that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s 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 directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the sale, the director now directly owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

TE Connectivity Profile

(Free Report)

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.

See Also

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

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