Nomura Holdings Inc. Takes $1.80 Million Position in TE Connectivity Ltd. (NYSE:TEL)

Nomura Holdings Inc. acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,608 shares of the electronics maker's stock, valued at approximately $1,803,000.

Other hedge funds have also made changes to their positions in the company. NorthRock Partners LLC grew its position in TE Connectivity by 26.2% in the 4th quarter. NorthRock Partners LLC now owns 2,162 shares of the electronics maker's stock worth $309,000 after purchasing an additional 449 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of TE Connectivity by 2.6% in the 4th quarter. Nuveen Asset Management LLC now owns 1,583,503 shares of the electronics maker's stock worth $226,393,000 after purchasing an additional 39,715 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TE Connectivity in the 4th quarter worth $14,240,000. Obermeyer Wealth Partners increased its position in shares of TE Connectivity by 4.9% in the fourth quarter. Obermeyer Wealth Partners now owns 2,913 shares of the electronics maker's stock worth $416,000 after acquiring an additional 136 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TE Connectivity by 70.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,879 shares of the electronics maker's stock valued at $7,987,000 after purchasing an additional 23,057 shares during the period. Institutional investors own 91.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. 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. StockNews.com downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company lifted their target price on shares of TE Connectivity from $148.00 to $156.00 and gave the stock an "equal weight" rating in a report on Monday. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and a consensus target price of $160.30.

TE Connectivity Stock Down 2.1%

NYSE:TEL traded down $3.40 during trading hours on Wednesday, reaching $159.50. 1,939,416 shares of the stock were exchanged, compared to its average volume of 1,701,043. The stock has a market cap of $47.30 billion, a PE ratio of 25.48, a PEG ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $164.11. The firm has a 50 day moving average of $142.84 and a 200 day moving average of $146.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10.

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

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.78%. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio (DPR) is currently 62.42%.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 20,400 shares of TE Connectivity stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total value of $3,322,140.00. Following the completion of the transaction, the executive vice president now owns 24,625 shares of the company's stock, valued at $4,010,181.25. This trade represents a 45.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Malavika Sagar sold 3,125 shares of the firm'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 completion of the sale, the senior vice president now owns 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 disclosure for this sale can be found here. Over the last three months, insiders sold 174,675 shares of company stock valued at $27,062,559. 0.90% of the stock is owned by corporate insiders.

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.