Mirae Asset Global Investments Co. Ltd. Purchases 6,084 Shares of TE Connectivity Ltd. (NYSE:TEL)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 10.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,535 shares of the electronics maker’s stock after buying an additional 6,084 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TE Connectivity were worth $8,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TEL. JFS Wealth Advisors LLC boosted its position 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 purchasing an additional 91 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in TE Connectivity by 112.4% during the first 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 in the last quarter. Bruce G. Allen Investments LLC bought a new stake in TE Connectivity during the fourth quarter valued at about $30,000. Godsey & Gibb Inc. boosted 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 purchasing an additional 114 shares in the last quarter. Finally, Crewe Advisors LLC bought a new stake in TE Connectivity during the fourth quarter valued at about $33,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.8 %

TE Connectivity stock opened at $150.66 on Tuesday. The firm has a market cap of $46.14 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.33. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $153.54. The business’s 50-day moving average price is $148.63 and its 200 day moving average price is $143.59. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

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

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the firm’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 sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were 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 directly owns 25,976 shares in the company, valued at $3,892,763.36. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. StockNews.com assumed coverage on TE Connectivity in a research note on Wednesday, July 3rd. They issued a “buy” rating for the company. Finally, Jefferies Financial Group assumed coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $155.13.

Read Our Latest Research Report on TE Connectivity

About TE Connectivity

(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.

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

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