SVB Wealth LLC acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,655 shares of the electronics maker's stock, valued at approximately $3,525,000.
Several other institutional investors and hedge funds have also modified their holdings of TEL. Farther Finance Advisors LLC lifted its position in shares of TE Connectivity by 20.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,611 shares of the electronics maker's stock worth $243,000 after buying an additional 278 shares during the last quarter. Optas LLC lifted its position in shares of TE Connectivity by 4.2% during the 3rd quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock worth $268,000 after buying an additional 71 shares during the last quarter. Janney Capital Management LLC increased its holdings in TE Connectivity by 12.9% in the 3rd quarter. Janney Capital Management LLC now owns 2,041 shares of the electronics maker's stock worth $308,000 after purchasing an additional 233 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in TE Connectivity by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 221,089 shares of the electronics maker's stock worth $33,382,000 after purchasing an additional 6,666 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in TE Connectivity by 17.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 148,550 shares of the electronics maker's stock worth $22,430,000 after purchasing an additional 21,569 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.
Insider Activity
In other news, insider Shadrak W. Kroeger sold 3,889 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now owns 25,976 shares in the company, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company's stock.
TE Connectivity Stock Up 2.0 %
NYSE:TEL traded up $2.91 on Wednesday, hitting $150.95. The stock had a trading volume of 1,289,305 shares, compared to its average volume of 1,643,778. The business's fifty day moving average is $148.17 and its 200 day moving average is $148.78. The company has a market cap of $45.03 billion, a PE ratio of 24.11, a P/E/G ratio of 2.11 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 earnings per share. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
Wall Street Analyst Weigh In
TEL has been the subject of a number of recent research reports. Bank of America upped their target price on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. Truist Financial lowered their target price on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Citigroup upped their target price on TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird increased their price target on TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $167.00.
Get Our Latest Report 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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