YANKCOM Partnership Makes New $491,000 Investment in TE Connectivity Ltd. (NYSE:TEL)

YANKCOM Partnership bought a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,431 shares of the electronics maker's stock, valued at approximately $491,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TEL. Nordea Investment Management AB bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $149,211,000. Franklin Resources Inc. raised its holdings in shares of TE Connectivity by 31.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,004,540 shares of the electronics maker's stock worth $445,603,000 after purchasing an additional 712,228 shares during the period. EdgePoint Investment Group Inc. raised its holdings in shares of TE Connectivity by 26.0% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 3,367,650 shares of the electronics maker's stock worth $508,481,000 after purchasing an additional 694,917 shares during the period. State Street Corp raised its holdings in TE Connectivity by 2.1% during the 3rd quarter. State Street Corp now owns 12,852,607 shares of the electronics maker's stock valued at $1,940,615,000 after acquiring an additional 268,837 shares during the period. Finally, Mizuho Securities USA LLC raised its holdings in TE Connectivity by 982.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 255,659 shares of the electronics maker's stock valued at $38,602,000 after acquiring an additional 232,044 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TEL shares. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price on the stock in a report on Thursday, January 23rd. Robert W. Baird boosted their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Citigroup boosted their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Bank of America boosted their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded shares of TE Connectivity from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $167.00.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the sale, the insider now 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company's stock.

TE Connectivity Trading Up 0.2 %

Shares of NYSE:TEL traded up $0.26 during midday trading on Thursday, hitting $146.48. 1,160,596 shares of the stock traded hands, compared to its average volume of 1,666,133. TE Connectivity Ltd. has a one year low of $137.61 and a one year high of $159.98. The stock has a market capitalization of $43.70 billion, a PE ratio of 23.40, a P/E/G ratio of 2.03 and a beta of 1.32. The business's 50 day moving average is $147.23 and its two-hundred day moving average is $148.43. 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 (NYSE:TEL - Get Free Report) last announced 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 net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts forecast that TE Connectivity Ltd. will post 7.96 earnings per share for the current year.

TE Connectivity declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 30th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally 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.