TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 7.9% in the second quarter, Holdings Channel reports. The fund owned 15,818 shares of the electronics maker’s stock after purchasing an additional 1,155 shares during the period. Ieq Capital LLC’s holdings in TE Connectivity were worth $2,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of TE Connectivity by 2.8% during the fourth quarter. D.A. Davidson & CO. now owns 17,070 shares of the electronics maker’s stock worth $2,398,000 after acquiring an additional 466 shares during the period. Assetmark Inc. raised its stake in shares of TE Connectivity by 39.1% during the 4th quarter. Assetmark Inc. now owns 11,135 shares of the electronics maker’s stock worth $1,564,000 after buying an additional 3,130 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of TE Connectivity by 16.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the electronics maker’s stock valued at $143,000 after buying an additional 141 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of TE Connectivity by 28.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,528 shares of the electronics maker’s stock valued at $2,463,000 after buying an additional 3,845 shares in the last quarter. Finally, US Bancorp DE grew its holdings in TE Connectivity by 3.5% during the fourth quarter. US Bancorp DE now owns 74,715 shares of the electronics maker’s stock worth $10,497,000 after acquiring an additional 2,560 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TEL has been the subject of a number of recent analyst reports. Truist Financial boosted their target price on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a research report on Wednesday, July 24th. Robert W. Baird lifted their price target on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company lowered their price target on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Hsbc Global Res raised TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $158.73.

Insiders Place Their Bets

In other news, CFO Heath A. Mitts sold 59,700 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 38,073 shares in the company, valued at $5,889,893.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction dated 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 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 link. 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 value of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The disclosure for this sale can be found here. In the last three months, insiders sold 71,363 shares of company stock valued at $11,042,161. Company insiders own 0.86% of the company’s stock.

TE Connectivity Stock Down 0.9 %

TEL opened at $148.11 on Friday. The firm has a market cap of $45.36 billion, a P/E ratio of 13.55, a PEG ratio of 1.98 and a beta of 1.33. The business’s fifty day simple moving average is $149.59 and its 200 day simple moving average is $147.45. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $159.98. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.77 EPS. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 7.57 EPS for the current fiscal 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.