Azzad Asset Management Inc. ADV Has $2.60 Million Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Azzad Asset Management Inc. ADV increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 76.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,907 shares of the electronics maker’s stock after buying an additional 7,760 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in TE Connectivity were worth $2,601,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its stake in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of TE Connectivity by 112.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth $30,000. Crewe Advisors LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth $33,000. Finally, Sachetta LLC purchased a new position in shares of TE Connectivity in the 4th quarter worth about $34,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.8 %

Shares of TE Connectivity stock opened at $148.78 on Thursday. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $153.54. The company has a market cap of $45.56 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.21 and a beta of 1.33. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $147.95 and its 200-day moving average price is $143.33.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share 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%. TE Connectivity’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 earnings per share. On average, equities 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 value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the 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 transaction, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Trudeau sold 7,044 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now owns 5,917 shares in the company, valued at $837,196.33. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TEL. JPMorgan Chase & Co. cut their price target on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group began coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Robert W. Baird dropped their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com started coverage on shares of TE Connectivity in a report on Wednesday. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.13.

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.