TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden grew its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,100 shares of the electronics maker's stock after buying an additional 5,800 shares during the quarter. Forsta AP Fonden's holdings in TE Connectivity were worth $11,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in TE Connectivity by 141.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,846 shares of the electronics maker's stock worth $5,874,000 after buying an additional 22,748 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of TE Connectivity by 2.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 12,462 shares of the electronics maker's stock worth $1,882,000 after acquiring an additional 282 shares during the period. Dakota Wealth Management raised its stake in shares of TE Connectivity by 22.3% in the third quarter. Dakota Wealth Management now owns 13,599 shares of the electronics maker's stock valued at $2,053,000 after acquiring an additional 2,478 shares in the last quarter. Bogart Wealth LLC boosted its holdings in TE Connectivity by 0.5% in the third quarter. Bogart Wealth LLC now owns 44,400 shares of the electronics maker's stock valued at $6,704,000 after purchasing an additional 231 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in TE Connectivity during the 3rd quarter worth $17,235,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

TEL traded up $1.74 during trading on Monday, hitting $150.87. 1,235,166 shares of the stock were exchanged, compared to its average volume of 1,841,996. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. TE Connectivity Ltd. has a 1-year low of $115.16 and a 1-year high of $159.98. The stock has a fifty day moving average price of $148.03 and a two-hundred day moving average price of $148.31. The firm has a market capitalization of $46.20 billion, a P/E ratio of 13.80, a PEG ratio of 1.92 and a beta of 1.33.

Insider Transactions at TE Connectivity

In related news, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Robert J. Ott sold 2,913 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the sale, the senior vice president now directly owns 25,504 shares of the company's stock, valued at approximately $3,942,663.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 59,700 shares of the firm's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the transaction, the chief financial officer now directly owns 38,073 shares in the company, valued at approximately $5,889,893.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

TEL has been the subject of several recent research reports. StockNews.com assumed coverage on TE Connectivity in a research note on Wednesday, October 23rd. They issued a "buy" rating for the company. HSBC cut shares of TE Connectivity from a "buy" rating to a "hold" rating and set a $162.00 price target for the company. in a report on Wednesday, July 24th. Hsbc Global Res upgraded shares of TE Connectivity to a "hold" rating in a report on Wednesday, July 24th. The Goldman Sachs Group lowered their target price on shares of TE Connectivity from $189.00 to $179.00 and set a "buy" rating for the company in a research note on Tuesday, October 1st. Finally, Truist Financial lifted their price target on TE Connectivity from $151.00 to $156.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $161.82.

About TE Connectivity

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.