Sivia Capital Partners LLC Acquires Shares of 1,510 TE Connectivity Ltd. (NYSE:TEL)

Sivia Capital Partners LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,510 shares of the electronics maker's stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TEL. Piscataqua Savings Bank increased its holdings in shares of TE Connectivity by 1.7% in the 1st quarter. Piscataqua Savings Bank now owns 10,904 shares of the electronics maker's stock worth $1,541,000 after buying an additional 177 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of TE Connectivity by 13.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,936 shares of the electronics maker's stock worth $415,000 after buying an additional 351 shares during the last quarter. Procyon Advisors LLC increased its holdings in shares of TE Connectivity by 1,001.0% in the 1st quarter. Procyon Advisors LLC now owns 17,671 shares of the electronics maker's stock worth $2,497,000 after buying an additional 16,066 shares during the last quarter. Vest Financial LLC increased its holdings in shares of TE Connectivity by 73.9% in the 1st quarter. Vest Financial LLC now owns 7,406 shares of the electronics maker's stock worth $1,047,000 after buying an additional 3,148 shares during the last quarter. Finally, Breakwater Capital Group purchased a new stake in shares of TE Connectivity in the 1st quarter valued at $224,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Trading Down 2.1%

TEL traded down $3.52 during trading on Friday, hitting $162.48. 1,106,481 shares of the stock traded hands, compared to its average volume of 1,716,337. The firm has a market capitalization of $48.18 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The firm has a 50-day moving average of $149.51 and a 200 day moving average of $148.02. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $167.94.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share 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 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 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

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 issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.75%. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TEL. UBS Group upped their price objective on shares of TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 30th. HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research note on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Citigroup cut their price objective on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Five 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.50.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 30,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $149.39, for a total value of $4,481,700.00. Following the completion of the transaction, the executive vice president now directly owns 24,625 shares in the company, valued at $3,678,728.75. This trade represents a 54.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Heath A. Mitts sold 37,844 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $153.33, for a total transaction of $5,802,620.52. Following the completion of the transaction, the chief financial officer now owns 45,503 shares of the company's stock, valued at approximately $6,976,974.99. The trade was a 45.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,675 shares of company stock worth $27,369,059. 0.90% of the stock is currently 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.