V Square Quantitative Management LLC Purchases 1,817 Shares of TE Connectivity Ltd. (NYSE:TEL)

V Square Quantitative Management LLC grew its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,610 shares of the electronics maker's stock after buying an additional 1,817 shares during the period. V Square Quantitative Management LLC's holdings in TE Connectivity were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity during the fourth quarter worth approximately $26,000. Wolff Wiese Magana LLC grew its stake in TE Connectivity by 2,450.0% during the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker's stock worth $39,000 after purchasing an additional 245 shares during the period. Golden State Wealth Management LLC acquired a new stake in TE Connectivity during the fourth quarter worth approximately $44,000. Hilltop National Bank acquired a new stake in TE Connectivity during the fourth quarter worth approximately $55,000. Finally, Webster Bank N. A. acquired a new stake in TE Connectivity during the fourth quarter worth approximately $61,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TEL shares. Wells Fargo & Company raised their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Citigroup raised their price objective on TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. HSBC raised 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. Finally, StockNews.com cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $167.00.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the sale, the insider now directly owns 25,976 shares in the company, valued at approximately $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Up 1.0 %

Shares of TEL stock traded up $1.60 during trading hours on Tuesday, reaching $154.37. The company had a trading volume of 1,247,913 shares, compared to its average volume of 1,645,275. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The business has a fifty day simple moving average of $146.82 and a 200-day simple moving average of $148.15. The company has a market cap of $46.05 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.32.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the company earned $1.84 earnings per share. The company's revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts expect that TE Connectivity Ltd. will post 7.95 earnings per share for the current fiscal year.

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

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.