Chicago Capital LLC Acquires New Stake in TE Connectivity Ltd. (NYSE:TEL)

Chicago Capital LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,795 shares of the electronics maker's stock, valued at approximately $678,000.

Several other large investors have also recently made changes to their positions in the business. SRS Capital Advisors Inc. lifted its stake in shares of TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 107 shares during the last quarter. Fairway Wealth LLC bought a new stake in TE Connectivity in the fourth quarter valued at approximately $43,000. Deseret Mutual Benefit Administrators purchased a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $57,000. Loomis Sayles & Co. L P grew its holdings in shares of TE Connectivity by 32.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock worth $71,000 after purchasing an additional 123 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of TE Connectivity by 150.0% in the fourth quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock worth $71,000 after buying an additional 300 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TEL shares. Citigroup cut their price target on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their price objective on TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. UBS Group boosted their target price on TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Hsbc Global Res upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price target on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.50.

TE Connectivity Stock Down 0.0%

TE Connectivity stock traded down $0.03 during mid-day trading on Thursday, hitting $163.63. The company had a trading volume of 1,450,048 shares, compared to its average volume of 1,708,268. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $167.94. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average price is $152.37 and its two-hundred day moving average price is $148.38. The company has a market capitalization of $48.52 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23.

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

TE Connectivity Announces Dividend

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 issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a yield of 1.74%. TE Connectivity's payout ratio is currently 62.42%.

Insider Activity at TE Connectivity

In other TE Connectivity news, SVP Malavika Sagar sold 3,125 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $500,000.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 30,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the sale, the executive vice president now directly owns 24,625 shares in the company, valued at approximately $3,678,728.75. The trade was a 54.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,675 shares of company stock valued at $27,369,059. 0.90% of the stock is owned by corporate insiders.

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.