Cambridge Investment Research Advisors Inc. Sells 239 Shares of TE Connectivity Ltd. (NYSE:TEL)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.3% during the 2nd quarter, Holdings Channel reports. The fund owned 17,728 shares of the electronics maker’s stock after selling 239 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in TE Connectivity were worth $2,667,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its position 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 purchasing an additional 91 shares in the last quarter. Salem Investment Counselors Inc. increased its position in TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc boosted its holdings in TE Connectivity by 209.8% in the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 128 shares in the last quarter. Olistico Wealth LLC acquired a new stake in TE Connectivity in the second quarter worth about $30,000. Finally, Godsey & Gibb Inc. increased its holdings in shares of TE Connectivity by 103.6% during the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 114 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the transaction, the chief financial officer now owns 38,073 shares in the company, valued at approximately $5,889,893.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the transaction, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares in the company, valued at approximately $3,942,663.36. The disclosure for this sale can be found here. Insiders sold 76,363 shares of company stock worth $11,791,461 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on TEL shares. HSBC cut shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price for the company. in a research note on Wednesday, July 24th. StockNews.com began coverage on shares of TE Connectivity in a research note on Wednesday. They set a “buy” rating for the company. Hsbc Global Res raised TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company cut their price objective on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Finally, Vertical Research began coverage on TE Connectivity in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Hold” and a consensus price target of $158.45.

TE Connectivity Stock Up 1.4 %

TEL stock opened at $153.60 on Friday. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $159.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. The firm’s fifty day moving average is $150.73 and its 200 day moving average is $146.97. The firm has a market cap of $46.68 billion, a PE ratio of 14.05, a P/E/G ratio of 2.07 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $1.77 EPS. On average, research analysts forecast that TE Connectivity Ltd. will post 7.57 EPS for the current year.

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.