1,762 Shares in TE Connectivity Ltd. (NYSE:TEL) Acquired by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,762 shares of the electronics maker's stock, valued at approximately $249,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in TE Connectivity by 14.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,634 shares of the electronics maker's stock worth $949,000 after buying an additional 841 shares during the period. J. Safra Sarasin Holding AG boosted its holdings in TE Connectivity by 128.4% in the 4th quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker's stock worth $2,219,000 after buying an additional 8,728 shares during the period. New York State Common Retirement Fund boosted its holdings in TE Connectivity by 48.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,122 shares of the electronics maker's stock worth $160,000 after buying an additional 368 shares during the period. Beverly Hills Private Wealth LLC boosted its holdings in TE Connectivity by 61.2% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock worth $1,587,000 after buying an additional 4,214 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in TE Connectivity by 23.5% in the 4th quarter. Jones Financial Companies Lllp now owns 3,305 shares of the electronics maker's stock valued at $473,000 after purchasing an additional 628 shares during the period. 91.43% of the stock is owned by institutional investors.

Insider Transactions at TE Connectivity

In other news, EVP John S. Jenkins sold 30,000 shares of TE Connectivity stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $149.39, for a total value of $4,481,700.00. Following the transaction, the executive vice president now owns 24,625 shares in the company, valued at approximately $3,678,728.75. The trade was a 54.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Malavika Sagar sold 3,125 shares of TE Connectivity stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $160.00, for a total value of $500,000.00. Following the completion of the transaction, the senior vice president now owns 5,927 shares in the company, valued at approximately $948,320. This represents a 34.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,775 shares of company stock worth $29,596,059. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group raised their price target on shares of TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a report on Friday, May 30th. Robert W. Baird raised their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Vertical Research raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a report on Friday, April 25th. Truist Financial cut their price target on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus target price of $162.50.

TE Connectivity Stock Performance

NYSE TEL opened at $166.85 on Friday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $170.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The company has a market capitalization of $49.48 billion, a P/E ratio of 36.67, a P/E/G ratio of 2.18 and a beta of 1.23. The company has a fifty day moving average of $157.63 and a 200-day moving average of $149.05.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.86 EPS. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a dividend yield of 1.70%. TE Connectivity's dividend payout ratio is currently 62.42%.

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.

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