TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,326 shares of the electronics maker’s stock after buying an additional 75 shares during the period. Miracle Mile Advisors LLC’s holdings in TE Connectivity were worth $1,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LVW Advisors LLC boosted its stake in shares of TE Connectivity by 59.0% during the first quarter. LVW Advisors LLC now owns 2,890 shares of the electronics maker’s stock worth $420,000 after buying an additional 1,072 shares during the period. Founders Financial Securities LLC increased its holdings in shares of TE Connectivity by 24.0% in the first quarter. Founders Financial Securities LLC now owns 2,136 shares of the electronics maker’s stock valued at $310,000 after purchasing an additional 413 shares during the period. Asio Capital LLC raised its stake in shares of TE Connectivity by 11.7% during the first quarter. Asio Capital LLC now owns 17,093 shares of the electronics maker’s stock worth $2,483,000 after purchasing an additional 1,788 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of TE Connectivity during the first quarter worth $277,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in TE Connectivity by 19.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,053 shares of the electronics maker’s stock valued at $3,784,000 after buying an additional 4,272 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $148.47 on Tuesday. The stock’s 50 day moving average price is $147.72 and its 200 day moving average price is $143.24. The firm has a market cap of $45.47 billion, a P/E ratio of 13.58, a PEG ratio of 2.22 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $153.54.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.03. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.65 EPS. On average, sell-side analysts expect that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now owns 5,917 shares in the company, valued at approximately $837,196.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TEL has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. JPMorgan Chase & Co. lowered their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Robert W. Baird cut their target price on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. StockNews.com initiated coverage on TE Connectivity in a research note on Tuesday, June 25th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average price target of $155.13.

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.