DeDora Capital Inc. bought a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,995 shares of the electronics maker's stock, valued at approximately $282,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its stake in TE Connectivity by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after buying an additional 192 shares during the period. J. Safra Sarasin Holding AG lifted its position in shares of TE Connectivity by 128.4% during the 4th quarter. J. Safra Sarasin Holding AG now owns 15,524 shares of the electronics maker's stock valued at $2,219,000 after buying an additional 8,728 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of TE Connectivity by 61.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 11,103 shares of the electronics maker's stock valued at $1,587,000 after buying an additional 4,214 shares during the last quarter. NEOS Investment Management LLC lifted its position in shares of TE Connectivity by 29.8% during the 4th quarter. NEOS Investment Management LLC now owns 16,254 shares of the electronics maker's stock valued at $2,324,000 after buying an additional 3,728 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of TE Connectivity by 11.8% during the 4th quarter. Ameriprise Financial Inc. now owns 5,603,251 shares of the electronics maker's stock valued at $801,101,000 after buying an additional 592,072 shares during the last quarter. Institutional investors own 91.43% of the company's stock.
Insider Activity
In other news, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $4,130,963.28. This trade represents a 49.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 13,100 shares of TE Connectivity stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $170.00, for a total value of $2,227,000.00. Following the completion of the transaction, the insider owned 23,657 shares in the company, valued at $4,021,690. This represents a 35.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,775 shares of company stock valued at $29,596,059. 0.90% of the stock is currently owned by corporate insiders.
TE Connectivity Price Performance
Shares of NYSE:TEL traded up $1.67 during mid-day trading on Tuesday, reaching $181.18. The stock had a trading volume of 2,954,636 shares, compared to its average volume of 1,717,268. 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 company has a market cap of $53.73 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 2.22 and a beta of 1.23. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $181.29. The business's 50 day moving average price is $166.46 and its 200 day moving average price is $152.09.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.
TE Connectivity Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.57%. TE Connectivity's dividend payout ratio is 62.42%.
Analysts Set New Price Targets
Several brokerages have recently commented on TEL. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on TE Connectivity from $156.00 to $170.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Truist Financial reduced their price target on TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. HSBC upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research report on Thursday, April 24th. Finally, UBS Group raised their price target on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and an average price target of $177.10.
View Our Latest Stock Analysis on TEL
TE Connectivity Company Profile
(
Free Report)
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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