TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in TE Connectivity Ltd. (NYSE:TEL – Get Rating) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,681 shares of the electronics maker’s stock after acquiring an additional 287 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TE Connectivity were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of TE Connectivity by 32.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 25,220,247 shares of the electronics maker’s stock valued at $2,853,671,000 after purchasing an additional 6,186,976 shares in the last quarter. Renaissance Technologies LLC grew its stake in TE Connectivity by 77.3% during the first quarter. Renaissance Technologies LLC now owns 754,745 shares of the electronics maker’s stock worth $98,857,000 after buying an additional 328,945 shares during the period. Vanguard Group Inc. increased its position in shares of TE Connectivity by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock worth $3,617,824,000 after acquiring an additional 308,580 shares in the last quarter. Crawford Investment Counsel Inc. raised its stake in shares of TE Connectivity by 280.9% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 403,955 shares of the electronics maker’s stock valued at $45,707,000 after acquiring an additional 297,892 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of TE Connectivity by 144.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 488,804 shares of the electronics maker’s stock valued at $53,944,000 after acquiring an additional 288,998 shares in the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the topic of several research reports. Stifel Nicolaus lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research report on Wednesday, February 15th. Oppenheimer cut TE Connectivity from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 6th. Robert W. Baird dropped their price objective on shares of TE Connectivity from $147.00 to $143.00 in a research note on Thursday, January 26th. Credit Suisse Group decreased their target price on shares of TE Connectivity from $123.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, February 1st. Finally, Jefferies Financial Group lifted their price target on shares of TE Connectivity from $140.00 to $154.00 in a research note on Tuesday, November 22nd. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $136.00.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $124.53 on Monday. The firm has a market cap of $39.41 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.76 and a beta of 1.32. TE Connectivity Ltd. has a 1 year low of $104.76 and a 1 year high of $138.24. The firm’s 50-day simple moving average is $126.67 and its 200-day simple moving average is $122.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 1.66.

TE Connectivity (NYSE:TEL – Get Rating) last released its earnings results on Wednesday, January 25th. The electronics maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.03. TE Connectivity had a return on equity of 21.25% and a net margin of 13.85%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $1.76 EPS. TE Connectivity’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts forecast that TE Connectivity Ltd. will post 6.56 earnings per share for the current fiscal year.

TE Connectivity Company Profile

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TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensor solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.