Versor Investments LP Has $2.07 Million Position in TE Connectivity Ltd. (NYSE:TEL)

Versor Investments LP lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 457.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,492 shares of the electronics maker's stock after acquiring an additional 11,892 shares during the period. Versor Investments LP's holdings in TE Connectivity were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in TE Connectivity in the 4th quarter valued at about $5,171,000. Oppenheimer & Co. Inc. increased its stake in TE Connectivity by 16.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,889 shares of the electronics maker's stock worth $699,000 after acquiring an additional 698 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in TE Connectivity by 2.4% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 123,453 shares of the electronics maker's stock valued at $17,650,000 after purchasing an additional 2,900 shares during the period. NewEdge Wealth LLC lifted its stake in shares of TE Connectivity by 39.6% in the 4th quarter. NewEdge Wealth LLC now owns 21,766 shares of the electronics maker's stock valued at $3,112,000 after purchasing an additional 6,174 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in shares of TE Connectivity by 5.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 2,698 shares of the electronics maker's stock worth $386,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TEL shares. Wells Fargo & Company increased their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Truist Financial lowered their price target on TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price objective for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $167.00.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company's stock.

TE Connectivity Stock Performance

Shares of NYSE TEL traded down $3.43 during trading on Monday, reaching $150.60. The stock had a trading volume of 1,597,225 shares, compared to its average volume of 1,641,104. The firm's 50 day moving average price is $147.87 and its two-hundred day moving average price is $148.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The stock has a market cap of $44.93 billion, a PE ratio of 24.06, a P/E/G ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. The business had revenue of $3.84 billion during 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 revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. On average, research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

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.