GAMMA Investing LLC Has $99.40 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

GAMMA Investing LLC increased its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 21,927.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 703,350 shares of the electronics maker's stock after purchasing an additional 700,157 shares during the quarter. GAMMA Investing LLC owned 0.24% of TE Connectivity worth $99,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP bought a new stake in TE Connectivity in the fourth quarter valued at $909,598,000. Vanguard Group Inc. boosted its stake in TE Connectivity by 14.2% during the fourth quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker's stock valued at $4,629,225,000 after buying an additional 4,029,596 shares in the last quarter. Norges Bank acquired a new position in shares of TE Connectivity in the 4th quarter worth approximately $508,199,000. Clearbridge Investments LLC raised its position in shares of TE Connectivity by 72.1% during the fourth quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock worth $581,148,000 after purchasing an additional 1,702,825 shares during the period. Finally, Amundi acquired a new position in shares of TE Connectivity in the 4th quarter valued at $159,992,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Hsbc Global Res raised TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Citigroup cut their price target on TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. increased their price target on shares of TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Finally, HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.50.

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 20,400 shares of TE Connectivity stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $162.85, for a total value of $3,322,140.00. Following the sale, the executive vice president now owns 24,625 shares of the company's stock, valued at approximately $4,010,181.25. This trade represents a 45.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction that occurred 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 now directly owns 25,976 shares of the company's stock, valued at approximately $4,130,963.28. This trade represents a 49.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,675 shares of company stock valued at $27,369,059 over the last 90 days. 0.90% of the stock is owned by company insiders.

TE Connectivity Trading Up 0.5%

TE Connectivity stock traded up $0.84 during trading hours on Thursday, reaching $162.91. 210,028 shares of the company's stock traded hands, compared to its average volume of 1,699,357. The firm's 50 day moving average is $145.69 and its 200-day moving average is $147.39. The firm has a market capitalization of $48.31 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $168.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.71 dividend. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, May 21st. TE Connectivity's dividend payout ratio is 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.