UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $298.09 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,974,230 shares of the electronics maker's stock after selling 279,848 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of TE Connectivity worth $298,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in shares of TE Connectivity by 26.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,280,632 shares of the electronics maker's stock valued at $944,791,000 after buying an additional 1,304,199 shares during the period. Point72 Asset Management L.P. increased its position in shares of TE Connectivity by 238.4% during the second quarter. Point72 Asset Management L.P. now owns 719,354 shares of the electronics maker's stock worth $108,212,000 after acquiring an additional 506,754 shares during the period. Bank of Montreal Can increased its position in shares of TE Connectivity by 43.0% during the second quarter. Bank of Montreal Can now owns 1,155,426 shares of the electronics maker's stock worth $174,955,000 after acquiring an additional 347,315 shares during the period. Toronto Dominion Bank increased its position in shares of TE Connectivity by 141.3% during the second quarter. Toronto Dominion Bank now owns 468,294 shares of the electronics maker's stock worth $70,445,000 after acquiring an additional 274,206 shares during the period. Finally, Mizuho Securities USA LLC grew its stake in shares of TE Connectivity by 982.6% during the third quarter. Mizuho Securities USA LLC now owns 255,659 shares of the electronics maker's stock worth $38,602,000 after purchasing an additional 232,044 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Down 0.0 %

Shares of TEL stock traded down $0.03 during trading hours on Friday, reaching $151.12. 684,983 shares of the stock traded hands, compared to its average volume of 1,812,517. TE Connectivity Ltd. has a 1-year low of $128.52 and a 1-year high of $159.98. The business has a fifty day moving average price of $149.34 and a 200 day moving average price of $149.71. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $45.21 billion, a PE ratio of 14.71, a PEG ratio of 2.05 and a beta of 1.33.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, meeting analysts' consensus estimates of $1.95. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The firm's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.14 EPS for the current year.

TE Connectivity announced that its board has approved a stock buyback program on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on TEL. StockNews.com began coverage on shares of TE Connectivity in a research note on Sunday, November 24th. They issued a "buy" rating for the company. Hsbc Global Res downgraded shares of TE Connectivity from a "hold" rating to a "moderate sell" rating in a research note on Thursday, October 31st. Wells Fargo & Company cut their price target on shares of TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, September 20th. HSBC cut shares of TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 target price for the company. in a report on Thursday, October 31st. Finally, Wolfe Research raised shares of TE Connectivity from a "peer perform" rating to an "outperform" rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $159.55.

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.