First Hawaiian Bank Invests $3.06 Million in TE Connectivity Ltd. (NYSE:TEL)

First Hawaiian Bank purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,418 shares of the electronics maker's stock, valued at approximately $3,062,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew 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 purchasing an additional 150 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings 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 buying an additional 245 shares in the last quarter. Vestor Capital LLC acquired a new position in shares of TE Connectivity during the third quarter worth $66,000. Ashton Thomas Securities LLC acquired a new stake in shares of TE Connectivity during the 3rd quarter valued at $75,000. Finally, Quarry LP acquired a new stake in shares of TE Connectivity during the 2nd quarter valued at $108,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Trading Down 0.1 %

Shares of TEL stock traded down $0.10 during trading hours on Wednesday, hitting $143.66. 1,425,537 shares of the company were exchanged, compared to its average volume of 1,311,367. The company has a 50 day simple moving average of $148.90 and a two-hundred day simple moving average of $149.09. The firm has a market cap of $42.98 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61. TE Connectivity Ltd. has a fifty-two week low of $128.52 and a fifty-two week high of $159.98.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, hitting analysts' consensus estimates of $1.95. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $4 billion. During the same period last year, the company posted $1.78 earnings per share. The business's quarterly revenue was up .8% on a year-over-year basis. Equities analysts anticipate that TE Connectivity Ltd. will post 8.14 EPS for the current year.

TE Connectivity declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 30th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on TEL. Wells Fargo & Company dropped their target price on TE Connectivity from $153.00 to $151.00 and set an "equal weight" rating for the company in a research report on Monday, December 16th. Hsbc Global Res downgraded shares of TE Connectivity from a "hold" rating to a "moderate sell" rating in a research report on Thursday, October 31st. The Goldman Sachs Group decreased their price target on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. StockNews.com raised shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. Finally, HSBC lowered TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 target price for the company. in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.70.

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.