Apollon Wealth Management LLC Sells 2,447 Shares of TE Connectivity Ltd. (NYSE:TEL)

Apollon Wealth Management LLC decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,899 shares of the electronics maker's stock after selling 2,447 shares during the period. Apollon Wealth Management LLC's holdings in TE Connectivity were worth $843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in TE Connectivity in the fourth quarter valued at about $26,000. Armstrong Advisory Group Inc. lifted its position in shares of TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker's stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of TE Connectivity by 2,450.0% during the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker's stock worth $39,000 after purchasing an additional 245 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth approximately $44,000. Finally, Hilltop National Bank acquired a new position in shares of TE Connectivity during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the transaction, the insider now owns 25,976 shares of the company's stock, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TEL. Wells Fargo & Company increased their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. Bank of America raised their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Citigroup increased their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, HSBC upgraded shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price for the company in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $167.00.

TE Connectivity Stock Down 0.2 %

NYSE TEL traded down $0.35 during trading hours on Friday, hitting $152.87. The company's stock had a trading volume of 1,753,715 shares, compared to its average volume of 1,671,565. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98. The company has a market capitalization of $45.61 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.32. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The company's 50-day simple moving average is $146.79 and its two-hundred day simple moving average is $148.21.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter last year, the firm earned $1.84 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that TE Connectivity Ltd. will post 7.95 EPS for the current fiscal year.

TE Connectivity declared that its board has authorized a share repurchase plan on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

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.