J.W. Cole Advisors Inc. Acquires Shares of 77,895 TE Connectivity Ltd. (NYSE:TEL)

J.W. Cole Advisors Inc. purchased a new position in TE Connectivity Ltd. (NYSE:TELGet Rating) during the first quarter, HoldingsChannel.com reports. The fund purchased 77,895 shares of the electronics maker’s stock, valued at approximately $59,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of TE Connectivity by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock worth $3,617,824,000 after buying an additional 308,580 shares during the last quarter. BlackRock Inc. lifted its position in shares of TE Connectivity by 1.9% in the 1st quarter. BlackRock Inc. now owns 20,944,259 shares of the electronics maker’s stock worth $2,743,278,000 after buying an additional 399,898 shares during the last quarter. Capital World Investors lifted its position in shares of TE Connectivity by 17.0% in the 4th quarter. Capital World Investors now owns 20,649,105 shares of the electronics maker’s stock worth $3,331,527,000 after buying an additional 2,994,368 shares during the last quarter. State Street Corp lifted its position in shares of TE Connectivity by 2.6% in the 4th quarter. State Street Corp now owns 12,505,310 shares of the electronics maker’s stock worth $2,017,607,000 after buying an additional 321,169 shares during the last quarter. Finally, Norges Bank bought a new position in shares of TE Connectivity in the 4th quarter worth about $972,351,000. 90.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Tim Murphy sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $131.13, for a total transaction of $524,520.00. Following the completion of the transaction, the senior vice president now owns 17,754 shares in the company, valued at approximately $2,328,082.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP John S. Jenkins sold 2,990 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $131.97, for a total transaction of $394,590.30. Following the completion of the transaction, the executive vice president now owns 18,406 shares in the company, valued at approximately $2,429,039.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Tim Murphy sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $131.13, for a total transaction of $524,520.00. Following the transaction, the senior vice president now owns 17,754 shares of the company’s stock, valued at approximately $2,328,082.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,919 shares of company stock worth $4,203,806. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

TEL has been the topic of a number of analyst reports. StockNews.com cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Friday, September 16th. Cowen dropped their price objective on shares of TE Connectivity from $160.00 to $125.00 and set a “market perform” rating on the stock in a report on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $134.00 price objective (down previously from $166.00) on shares of TE Connectivity in a report on Thursday, July 14th. Morgan Stanley dropped their price objective on shares of TE Connectivity from $147.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, June 10th. Finally, The Goldman Sachs Group dropped their price objective on shares of TE Connectivity from $169.00 to $160.00 in a report on Wednesday, June 1st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $148.00.

TE Connectivity Stock Down 3.1 %

TE Connectivity stock opened at $116.52 on Friday. The stock has a market cap of $37.27 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.60 and a beta of 1.32. The company has a current ratio of 1.50, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $127.85 and its two-hundred day moving average price is $125.41. TE Connectivity Ltd. has a 52 week low of $107.12 and a 52 week high of $166.44.

TE Connectivity (NYSE:TELGet Rating) last released its earnings results on Wednesday, July 27th. The electronics maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.90 billion. TE Connectivity had a net margin of 15.97% and a return on equity of 21.98%. TE Connectivity’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $1.79 EPS. On average, analysts expect that TE Connectivity Ltd. will post 7.3 EPS for the current fiscal year.

TE Connectivity declared that its Board of Directors has approved a stock repurchase program on Friday, June 17th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

TE Connectivity Company Profile

(Get Rating)

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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