TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,847 shares of the electronics maker’s stock after selling 421 shares during the period. Stephens Inc. AR’s holdings in TE Connectivity were worth $1,551,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TEL. Pinnacle Bancorp Inc. bought a new position in shares of TE Connectivity in the 4th quarter valued at approximately $26,000. Wolff Wiese Magana LLC lifted its stake in shares of TE Connectivity by 2,450.0% in the third quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after buying an additional 245 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of TE Connectivity during the 4th quarter worth $44,000. Hilltop National Bank acquired a new position in TE Connectivity in the 4th quarter valued at $55,000. Finally, Webster Bank N. A. bought a new position in TE Connectivity in the 4th quarter worth $61,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL stock opened at $146.51 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The stock has a market capitalization of $43.71 billion, a PE ratio of 23.40, a PEG ratio of 2.01 and a beta of 1.32. The stock’s fifty day moving average is $146.90 and its 200-day moving average is $148.21. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 earnings per share. Equities research analysts expect that TE Connectivity Ltd. will post 7.95 EPS for the current fiscal year.

TE Connectivity declared that its board has authorized a stock buyback plan on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the electronics maker to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial lowered their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. 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 report on Thursday, January 23rd. Finally, Citigroup raised their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, TE Connectivity presently has a consensus rating of “Hold” and a consensus price target of $167.00.

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.