Wealthfront Advisers LLC Has $4.53 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Wealthfront Advisers LLC lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,031 shares of the electronics maker's stock after purchasing an additional 2,300 shares during the quarter. Wealthfront Advisers LLC's holdings in TE Connectivity were worth $4,527,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dakota Wealth Management grew its position in shares of TE Connectivity by 3.5% in the first quarter. Dakota Wealth Management now owns 14,842 shares of the electronics maker's stock valued at $2,097,000 after purchasing an additional 495 shares in the last quarter. Signaturefd LLC increased its stake in shares of TE Connectivity by 5.6% in the 1st quarter. Signaturefd LLC now owns 7,307 shares of the electronics maker's stock worth $1,033,000 after acquiring an additional 388 shares in the last quarter. CWM LLC increased its holdings in TE Connectivity by 9.0% in the 1st quarter. CWM LLC now owns 6,138 shares of the electronics maker's stock worth $867,000 after buying an additional 507 shares in the last quarter. Stephens Inc. AR lifted its holdings in TE Connectivity by 3.3% in the first quarter. Stephens Inc. AR now owns 11,210 shares of the electronics maker's stock valued at $1,584,000 after acquiring an additional 363 shares during the period. Finally, Schechter Investment Advisors LLC bought a new stake in TE Connectivity during the first quarter valued at about $332,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Price Performance

Shares of TEL opened at $177.75 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.27. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $179.07. The company has a market cap of $52.71 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The company has a 50 day moving average of $165.93 and a two-hundred day moving average of $151.70.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its 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. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. As a group, analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.60%. TE Connectivity's payout ratio is currently 62.42%.

Analysts Set New Price Targets

TEL has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. HSBC upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research report on Thursday, April 24th. Wells Fargo & Company increased their price target on shares of TE Connectivity from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Truist Financial cut their target price 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. Finally, Robert W. Baird boosted their price target on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.10.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 13,100 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $170.00, for a total transaction of $2,227,000.00. Following the completion of the transaction, the insider directly owned 23,657 shares of the company's stock, valued at approximately $4,021,690. This trade represents a 35.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the firm'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 transaction of $3,975,750.00. Following the completion of the transaction, the insider directly owned 25,976 shares of the company's stock, valued at $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,775 shares of company stock valued at $29,596,059. Corporate insiders own 0.90% of the company's stock.

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.

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