Avantax Advisory Services Inc. Has $1.73 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

Avantax Advisory Services Inc. lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 16.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,263 shares of the electronics maker's stock after buying an additional 1,696 shares during the period. Avantax Advisory Services Inc.'s holdings in TE Connectivity were worth $1,733,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity in the 1st quarter valued at $32,000. North Capital Inc. bought a new stake in shares of TE Connectivity in the 1st quarter valued at $46,000. Global X Japan Co. Ltd. bought a new position in TE Connectivity during the 1st quarter worth about $47,000. Bartlett & CO. Wealth Management LLC increased its holdings in TE Connectivity by 650.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 488 shares of the electronics maker's stock worth $69,000 after purchasing an additional 423 shares in the last quarter. Finally, Ancora Advisors LLC lifted its stake in TE Connectivity by 150.0% in the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock valued at $71,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Truist Financial boosted their target price on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a report on Friday, April 25th. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a report on Thursday, April 24th. Hsbc Global Res upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.80.

Insiders Place Their Bets

In related news, SVP Malavika Sagar sold 3,125 shares of TE Connectivity stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $160.00, for a total value of $500,000.00. Following the transaction, the senior vice president directly owned 5,927 shares of the company's stock, valued at $948,320. This trade represents a 34.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at $4,130,963.28. This trade represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 258,470 shares of company stock valued at $45,313,205 over the last three months. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Price Performance

Shares of NYSE TEL traded down $4.10 during midday trading on Friday, reaching $201.65. The company's stock had a trading volume of 2,931,353 shares, compared to its average volume of 2,090,393. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $212.76. The business's 50 day moving average price is $173.44 and its two-hundred day moving average price is $155.56. The company has a market cap of $59.58 billion, a P/E ratio of 24.88, a P/E/G ratio of 2.46 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The firm's quarterly revenue was up 13.9% on a year-over-year basis. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

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.