Nisa Investment Advisors LLC Has $14.10 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Nisa Investment Advisors LLC grew its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 39.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,360 shares of the electronics maker's stock after buying an additional 26,270 shares during the quarter. Nisa Investment Advisors LLC's holdings in TE Connectivity were worth $14,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TEL. Brookstone Capital Management lifted its position in shares of TE Connectivity by 6.4% in the first quarter. Brookstone Capital Management now owns 2,199 shares of the electronics maker's stock worth $319,000 after purchasing an additional 132 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in TE Connectivity by 19.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,053 shares of the electronics maker's stock valued at $3,784,000 after acquiring an additional 4,272 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in TE Connectivity by 76.5% during the first quarter. Azzad Asset Management Inc. ADV now owns 17,907 shares of the electronics maker's stock valued at $2,601,000 after acquiring an additional 7,760 shares in the last quarter. Norden Group LLC bought a new position in TE Connectivity during the first quarter valued at approximately $575,000. Finally, First Trust Direct Indexing L.P. raised its position in TE Connectivity by 7.6% during the first quarter. First Trust Direct Indexing L.P. now owns 12,703 shares of the electronics maker's stock valued at $1,845,000 after acquiring an additional 897 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

TEL traded down $3.19 during trading on Wednesday, reaching $149.45. 1,189,835 shares of the company's stock were exchanged, compared to its average volume of 1,838,120. TE Connectivity Ltd. has a fifty-two week low of $116.01 and a fifty-two week high of $159.98. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $148.08 and a 200 day moving average price of $148.37. The company has a market capitalization of $45.77 billion, a P/E ratio of 13.56, a PEG ratio of 1.92 and a beta of 1.33.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent research reports. Vertical Research initiated coverage on shares of TE Connectivity in a research report on Tuesday, July 23rd. They set a "hold" rating and a $155.00 price objective on the stock. Hsbc Global Res raised shares of TE Connectivity to a "hold" rating in a research report on Wednesday, July 24th. HSBC lowered shares of TE Connectivity from a "buy" rating to a "hold" rating and set a $162.00 price target on the stock. in a research report on Wednesday, July 24th. StockNews.com began coverage on shares of TE Connectivity in a research report on Wednesday, October 23rd. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company dropped their price target on shares of TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, September 20th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.