Charles Schwab Investment Management Inc. Increases Stake in TE Connectivity Ltd. (NYSE:TEL)

Charles Schwab Investment Management Inc. raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,794,603 shares of the electronics maker's stock after acquiring an additional 32,504 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of TE Connectivity worth $256,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TEL. Modera Wealth Management LLC lifted 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 purchasing an additional 78 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in shares of TE Connectivity by 1.0% during the 4th quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock valued at $1,231,000 after buying an additional 85 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of TE Connectivity by 1.0% during the 3rd quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker's stock valued at $1,475,000 after acquiring an additional 96 shares during the period. Callan Capital LLC grew its stake in shares of TE Connectivity by 5.4% during the 4th quarter. Callan Capital LLC now owns 2,071 shares of the electronics maker's stock valued at $296,000 after acquiring an additional 106 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares in the last quarter. Institutional investors own 91.43% of the company's stock.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction on 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 owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by insiders.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $150.95 on Thursday. The firm has a fifty day simple moving average of $148.17 and a two-hundred day simple moving average of $148.78. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $45.03 billion, a P/E ratio of 24.11, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data 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. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.92 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. On average, analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TEL has been the subject of a number of recent 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 research report on Thursday, January 23rd. Truist Financial cut their target price on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. HSBC raised TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price on the stock in a research note on Thursday, January 23rd. Citigroup upped their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Bank of America lifted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $167.00.

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.

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