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Boston Common Asset Management LLC Has $3.80 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

TE Connectivity logo with Computer and Technology background

Boston Common Asset Management LLC decreased its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,584 shares of the electronics maker's stock after selling 7,803 shares during the period. Boston Common Asset Management LLC's holdings in TE Connectivity were worth $3,801,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new position in TE Connectivity in the fourth quarter valued at about $26,000. Armstrong Advisory Group Inc. lifted its holdings in shares of TE Connectivity by 208.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker's stock valued at $34,000 after buying an additional 150 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of TE Connectivity by 2,450.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker's stock valued at $39,000 after buying an additional 245 shares in the last quarter. Hilltop National Bank acquired a new position in TE Connectivity in the fourth quarter worth approximately $55,000. Finally, Vestor Capital LLC bought a new position in TE Connectivity during the third quarter valued at approximately $66,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

Shares of TE Connectivity stock traded up $2.60 during midday trading on Friday, hitting $146.29. The company had a trading volume of 4,102,611 shares, compared to its average volume of 1,308,175. The stock has a market cap of $43.76 billion, a PE ratio of 14.24, a P/E/G ratio of 1.91 and a beta of 1.32. TE Connectivity Ltd. has a 1-year low of $128.91 and a 1-year high of $159.98. The business's 50 day simple moving average is $147.70 and its two-hundred day simple moving average is $148.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, meeting analysts' consensus estimates of $1.95. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.14 EPS for the current fiscal year.

TE Connectivity declared that its board has initiated a stock buyback program on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. HSBC lowered shares of TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 price target on the stock. in a research note on Thursday, October 31st. Wells Fargo & Company lowered their target price on shares of TE Connectivity from $153.00 to $151.00 and set an "equal weight" rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group reduced their price target on TE Connectivity from $189.00 to $179.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. Hsbc Global Res lowered TE Connectivity from a "hold" rating to a "moderate sell" rating in a report on Thursday, October 31st. Finally, Bank of America cut their price objective on TE Connectivity from $173.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $160.70.

View Our Latest Research Report on TEL

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.

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

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