First Affirmative Financial Network bought a new stake in TE Connectivity Ltd. (NYSE:TEL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,460 shares of the electronics maker’s stock, valued at approximately $205,000.
Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in TE Connectivity by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock worth $3,617,824,000 after purchasing an additional 308,580 shares in the last quarter. State Street Corp raised its holdings in shares of TE Connectivity by 19.5% during the first quarter. State Street Corp now owns 14,149,636 shares of the electronics maker’s stock worth $1,851,648,000 after acquiring an additional 2,309,835 shares during the period. Price T Rowe Associates Inc. MD lifted its position in TE Connectivity by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,500,465 shares of the electronics maker’s stock valued at $1,114,837,000 after acquiring an additional 510,313 shares in the last quarter. Geode Capital Management LLC boosted its stake in TE Connectivity by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 5,332,553 shares of the electronics maker’s stock worth $697,471,000 after purchasing an additional 62,134 shares during the period. Finally, Norges Bank bought a new position in TE Connectivity during the 4th quarter worth about $584,131,000. 90.75% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other TE Connectivity news, Director Terrence R. Curtin sold 70,721 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $143.02, for a total value of $10,114,517.42. Following the transaction, the director now directly owns 54,969 shares of the company’s stock, valued at approximately $7,861,666.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by insiders.
TE Connectivity Price Performance
TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. TE Connectivity had a return on equity of 19.55% and a net margin of 12.63%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $1.86 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts anticipate that TE Connectivity Ltd. will post 6.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TEL. Credit Suisse Group upped their price objective on TE Connectivity from $138.00 to $150.00 in a research report on Tuesday, June 20th. StockNews.com assumed coverage on shares of TE Connectivity in a research note on Thursday, August 17th. They set a “buy” rating for the company. Robert W. Baird boosted their price objective on shares of TE Connectivity from $149.00 to $153.00 in a research report on Thursday, July 27th. Finally, Truist Financial raised their target price on shares of TE Connectivity from $127.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $144.33.
About TE Connectivity
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.
- Five stocks we like better than TE Connectivity
- How to Use Stock Screeners to Find Stocks
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- What’s a Sound Playbook for Investors During Election Years?
- MarketBeat Week in Review – 9/11 – 9/15
- 5 Top Rated Dividend Stocks to Consider
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.