Wilmington Savings Fund Society FSB Has $2.53 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Wilmington Savings Fund Society FSB grew its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 286.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,784 shares of the electronics maker's stock after acquiring an additional 12,444 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in TE Connectivity were worth $2,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TEL. Optas LLC increased its stake in TE Connectivity by 4.2% during the third quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock valued at $268,000 after acquiring an additional 71 shares during the period. Gradient Investments LLC grew its holdings in shares of TE Connectivity by 2.2% during the 2nd quarter. Gradient Investments LLC now owns 3,602 shares of the electronics maker's stock worth $542,000 after purchasing an additional 76 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of TE Connectivity by 3.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,297 shares of the electronics maker's stock valued at $346,000 after purchasing an additional 76 shares during the period. OLD National Bancorp IN raised its stake in shares of TE Connectivity by 3.6% in the third quarter. OLD National Bancorp IN now owns 2,478 shares of the electronics maker's stock valued at $374,000 after purchasing an additional 85 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in TE Connectivity by 1.0% in the third quarter. Metis Global Partners LLC now owns 9,771 shares of the electronics maker's stock worth $1,475,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Price Performance

NYSE TEL traded down $1.23 during trading hours on Friday, reaching $150.09. 1,045,879 shares of the company's stock were exchanged, compared to its average volume of 1,793,312. The firm has a fifty day moving average of $150.10 and a 200-day moving average of $149.76. TE Connectivity Ltd. has a one year low of $128.52 and a one year high of $159.98. The stock has a market cap of $44.90 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27.

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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America lowered their price target on shares of TE Connectivity from $173.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Hsbc Global Res cut shares of TE Connectivity from a "hold" rating to a "moderate sell" rating in a research note on Thursday, October 31st. HSBC lowered shares of TE Connectivity from a "hold" rating to a "reduce" rating and set a $137.00 price target for the company. in a research report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on TE Connectivity from $155.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, September 20th. Finally, StockNews.com raised TE Connectivity from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TE Connectivity has a consensus rating of "Hold" and an average target price of $159.55.

TE Connectivity 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.