Jump Financial LLC Invests $325,000 in TE Connectivity Ltd. (NYSE:TEL)

Jump Financial LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,275 shares of the electronics maker's stock, valued at approximately $325,000.

Several other hedge funds also recently added to or reduced their stakes in TEL. Anchor Investment Management LLC increased its holdings in shares of TE Connectivity by 14.8% during the third quarter. Anchor Investment Management LLC now owns 5,048 shares of the electronics maker's stock valued at $762,000 after acquiring an additional 652 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in TE Connectivity by 286.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,784 shares of the electronics maker's stock worth $2,534,000 after purchasing an additional 12,444 shares during the last quarter. Tidal Investments LLC increased its stake in TE Connectivity by 24.5% during the 3rd quarter. Tidal Investments LLC now owns 22,128 shares of the electronics maker's stock valued at $3,341,000 after purchasing an additional 4,359 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of TE Connectivity by 31.1% in the third quarter. Franklin Resources Inc. now owns 3,004,540 shares of the electronics maker's stock worth $445,603,000 after buying an additional 712,228 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of TE Connectivity by 1.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,458 shares of the electronics maker's stock worth $1,859,000 after buying an additional 223 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the sale, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TEL shares. Citigroup cut their target price on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Robert W. Baird increased their price objective on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group reaffirmed a "buy" rating and set a $163.00 target price (up previously from $155.00) on shares of TE Connectivity in a report on Thursday. The Goldman Sachs Group cut their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating, eight 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $159.50.

TE Connectivity Stock Performance

TEL opened at $144.58 on Friday. The firm has a fifty day moving average price of $141.45 and a 200 day moving average price of $146.07. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $159.98. The stock has a market cap of $43.14 billion, a P/E ratio of 23.10, a P/E/G ratio of 2.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.71 dividend. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio (DPR) is presently 45.37%.

TE Connectivity Company 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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