Cambridge Investment Research Advisors Inc. Has $2.48 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Cambridge Investment Research Advisors Inc. grew its position in TE Connectivity Ltd. (NYSE:TEL) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,540 shares of the electronics maker’s stock after buying an additional 192 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in TE Connectivity were worth $2,479,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TEL. Vista Investment Management raised its stake in TE Connectivity by 0.5% during the 4th quarter. Vista Investment Management now owns 13,225 shares of the electronics maker’s stock valued at $1,891,000 after purchasing an additional 70 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in shares of TE Connectivity by 2.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker’s stock valued at $534,000 after buying an additional 75 shares in the last quarter. Modera Wealth Management LLC raised its position in TE Connectivity by 2.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker’s stock valued at $409,000 after buying an additional 78 shares during the period. Wedmont Private Capital lifted its stake in TE Connectivity by 4.3% in the 1st quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker’s stock worth $275,000 after acquiring an additional 80 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in TE Connectivity by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker’s stock worth $2,002,000 after acquiring an additional 83 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Trading Up 1.2%

TE Connectivity stock opened at $168.87 on Tuesday. The business’s 50-day simple moving average is $158.43 and its 200-day simple moving average is $149.16. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $170.23. The firm has a market capitalization of $50.08 billion, a PE ratio of 37.11, a PEG ratio of 2.18 and a beta of 1.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. TE Connectivity’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.68%. TE Connectivity’s dividend payout ratio is 62.42%.

Wall Street Analyst Weigh In

TEL has been the subject of several research reports. Citigroup decreased their price target on shares of TE Connectivity from $165.00 to $142.00 and set a “neutral” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. increased their price objective on TE Connectivity from $146.00 to $148.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Wall Street Zen cut TE Connectivity from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Truist Financial dropped their target price on TE Connectivity from $163.00 to $156.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Finally, Hsbc Global Res upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.50.

Insider Buying and Selling

In related news, SVP Malavika Sagar sold 3,125 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $160.00, for a total value of $500,000.00. Following the sale, the senior vice president owned 5,927 shares of the company’s stock, valued at $948,320. The trade was a 34.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John S. Jenkins sold 20,400 shares of TE Connectivity stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total value of $3,322,140.00. Following the sale, the executive vice president directly owned 24,625 shares in the company, valued at $4,010,181.25. The trade was a 45.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,775 shares of company stock worth $29,596,059. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Profile

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.