Golden State Wealth Management LLC Has $262,000 Holdings in TE Connectivity Ltd. (NYSE:TEL)

Golden State Wealth Management LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 508.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,849 shares of the electronics maker's stock after buying an additional 1,545 shares during the period. Golden State Wealth Management LLC's holdings in TE Connectivity were worth $262,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. SRS Capital Advisors Inc. grew its stake in shares of TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares in the last quarter. Fairway Wealth LLC bought a new position in shares of TE Connectivity during the 4th quarter worth approximately $43,000. Global X Japan Co. Ltd. bought a new position in shares of TE Connectivity during the 1st quarter worth approximately $47,000. Loomis Sayles & Co. L P grew its stake in shares of TE Connectivity by 32.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker's stock worth $71,000 after acquiring an additional 123 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in shares of TE Connectivity by 150.0% during the 4th quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker's stock worth $71,000 after acquiring an additional 300 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TEL. 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 research note on Friday, April 25th. Wall Street Zen downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Truist Financial lowered their target price on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. UBS Group boosted their target price on shares of TE Connectivity from $163.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Citigroup lowered their target price 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. Five investment 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.50.

Insiders Place Their Bets

In other news, insider Aaron Kyle Stucki sold 13,100 shares of the business's stock in a transaction dated 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 sale, the insider now owns 23,657 shares of the company's stock, valued at approximately $4,021,690. The trade was a 35.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Malavika Sagar sold 3,125 shares of the business's stock in a transaction dated Monday, May 12th. The shares were 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 directly owns 5,927 shares of the company's stock, valued at approximately $948,320. This trade represents a 34.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,775 shares of company stock valued at $29,596,059 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Stock Down 1.3%

TEL traded down $2.21 during trading on Friday, reaching $166.85. 2,756,496 shares of the stock were exchanged, compared to its average volume of 1,711,715. 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 stock's 50 day moving average price is $157.63 and its two-hundred day moving average price is $149.05. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $170.23. The stock has a market cap of $49.48 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 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 firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the previous year, the business posted $1.86 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given 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 yield of 1.70%. TE Connectivity's dividend payout ratio (DPR) is 62.42%.

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.