Fiduciary Alliance LLC acquired a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,986 shares of the electronics maker's stock, valued at approximately $1,285,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. boosted its stake 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 valued at $34,000 after acquiring an additional 150 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in TE Connectivity by 2,450.0% in the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker's stock valued at $39,000 after acquiring an additional 245 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of TE Connectivity during the 4th quarter worth about $55,000. Vestor Capital LLC acquired a new stake in shares of TE Connectivity in the third quarter worth $66,000. Finally, Ashton Thomas Securities LLC purchased a new position in TE Connectivity in the third quarter valued at about $75,000. Institutional investors and hedge funds own 91.43% of the company's stock.
TE Connectivity Stock Up 1.1 %
TE Connectivity stock traded up $1.59 during mid-day trading on Tuesday, hitting $142.75. The company's stock had a trading volume of 1,299,864 shares, compared to its average volume of 1,317,108. The firm's 50 day moving average is $148.46 and its 200 day moving average is $148.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 1.08. The company has a market cap of $42.71 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32. TE Connectivity Ltd. has a 52-week low of $128.52 and a 52-week high of $159.98.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.95. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the business posted $1.78 EPS. The company's revenue for the quarter was up .8% on a year-over-year basis. On average, analysts anticipate that TE Connectivity Ltd. will post 8.14 earnings per share for the current year.
TE Connectivity declared that its Board of Directors has approved a stock buyback program on Wednesday, October 30th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the electronics maker to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several research firms recently commented on TEL. HSBC lowered TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 price target on the stock. in a research report on Thursday, October 31st. Bank of America lowered their target price on shares of TE Connectivity from $173.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group cut their price objective on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating on the stock in a research report on Tuesday, October 1st. StockNews.com raised TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company lowered their price objective on shares of TE Connectivity from $153.00 to $151.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.70.
Get Our Latest Analysis on TE Connectivity
TE Connectivity Company 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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