Signaturefd LLC raised its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 8.5% during the second quarter, Holdings Channel reports. The firm owned 3,208 shares of the company’s stock after buying an additional 252 shares during the period. Signaturefd LLC’s holdings in TE Connectivity were worth $183,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. raised its stake in shares of TE Connectivity by 67.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 466,068 shares of the company’s stock worth $28,859,000 after buying an additional 188,022 shares during the period. HL Financial Services LLC raised its stake in shares of TE Connectivity by 4.1% in the second quarter. HL Financial Services LLC now owns 1,257,346 shares of the company’s stock worth $71,807,000 after buying an additional 49,697 shares during the period. AMP Capital Investors Ltd raised its stake in shares of TE Connectivity by 33.9% in the first quarter. AMP Capital Investors Ltd now owns 151,820 shares of the company’s stock worth $9,289,000 after buying an additional 38,443 shares during the period. Clark Capital Management Group Inc. acquired a new stake in shares of TE Connectivity during the first quarter worth $294,000. Finally, PGGM Investments raised its stake in shares of TE Connectivity by 76.3% in the second quarter. PGGM Investments now owns 751,144 shares of the company’s stock worth $42,898,000 after buying an additional 325,170 shares during the period. Institutional investors own 91.55% of the company’s stock.
TE Connectivity Ltd. (NYSE:TEL) traded down 0.16% during trading on Friday, hitting $61.25. The stock had a trading volume of 688,530 shares. The company has a 50-day moving average of $63.11 and a 200 day moving average of $60.86. The company has a market cap of $21.78 billion, a price-to-earnings ratio of 8.94 and a beta of 1.41. TE Connectivity Ltd. has a 52 week low of $51.70 and a 52 week high of $67.99.
TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 20th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. The firm earned $3.12 billion during the quarter, compared to the consensus estimate of $3.13 billion. TE Connectivity had a return on equity of 16.72% and a net margin of 21.97%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. On average, equities research analysts anticipate that TE Connectivity Ltd. will post $4.01 EPS for the current year.
A number of analysts have recently weighed in on TEL shares. Zacks Investment Research lowered TE Connectivity from a “hold” rating to a “sell” rating in a research note on Monday, September 26th. Morgan Stanley reiterated a “buy” rating on shares of TE Connectivity in a research report on Tuesday, September 20th. Royal Bank Of Canada reiterated a “buy” rating and issued a $66.00 price objective on shares of TE Connectivity in a research report on Friday, June 17th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $65.00 price objective (up from $63.00) on shares of TE Connectivity in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TE Connectivity has an average rating of “Buy” and a consensus target price of $64.33.
In other news, CEO Thomas J. Lynch sold 123,635 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $62.78, for a total value of $7,761,805.30. Following the transaction, the chief executive officer now owns 507,776 shares in the company, valued at $31,878,177.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert N. Shaddock sold 11,800 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $61.25, for a total value of $722,750.00. Following the completion of the transaction, the executive vice president now owns 46,274 shares in the company, valued at approximately $2,834,282.50. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.
About TE Connectivity
TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing.
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