Bailard Inc. bought a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,316 shares of the electronics maker's stock, valued at approximately $1,618,000.
A number of other institutional investors have also made changes to their positions in TEL. Pinnacle Bancorp Inc. bought a new stake in shares of TE Connectivity during the 4th quarter worth $26,000. Golden State Wealth Management LLC bought a new stake in TE Connectivity in the 4th quarter valued at about $44,000. Hilltop National Bank acquired a new position in TE Connectivity during the 4th quarter valued at about $55,000. Deseret Mutual Benefit Administrators acquired a new position in TE Connectivity during the 4th quarter valued at about $57,000. Finally, Webster Bank N. A. purchased a new position in shares of TE Connectivity in the 4th quarter worth approximately $61,000. 91.43% of the stock is owned by institutional investors and hedge funds.
TE Connectivity Trading Down 2.3 %
Shares of TEL stock traded down $3.50 during trading hours on Thursday, reaching $147.28. 522,003 shares of the stock were exchanged, compared to its average volume of 1,617,069. The firm has a market capitalization of $43.94 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.11 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. TE Connectivity Ltd. has a 12-month low of $137.61 and a 12-month high of $159.98. The company's 50-day moving average price is $148.17 and its 200-day moving average price is $148.78.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.
Analysts Set New Price Targets
TEL has been the topic of several research analyst reports. Robert W. Baird upped their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Citigroup raised their target price 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. Wells Fargo & Company raised their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. Truist Financial decreased their target price on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. 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 data from MarketBeat, TE Connectivity has an average rating of "Hold" and a consensus price target of $167.00.
Check Out Our Latest Analysis on TEL
Insiders Place Their Bets
In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares of the company's stock, valued at $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by insiders.
TE Connectivity Company Profile
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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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