TE Connectivity Ltd (TEL) Position Cut by Rothschild Investment Corp IL

Rothschild Investment Corp IL cut its stake in shares of TE Connectivity Ltd (NYSE:TEL) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,364 shares of the electronics maker’s stock after selling 625 shares during the period. Rothschild Investment Corp IL’s holdings in TE Connectivity were worth $922,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Daiwa SB Investments Ltd. purchased a new position in TE Connectivity during the first quarter valued at $101,000. Portfolio Solutions LLC purchased a new position in TE Connectivity during the first quarter valued at $104,000. Virtus Investment Advisers Inc. purchased a new position in TE Connectivity during the third quarter valued at $105,000. Intellectus Partners LLC purchased a new position in TE Connectivity during the fourth quarter valued at $107,000. Finally, Paradigm Asset Management Co. LLC raised its position in TE Connectivity by 12.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,750 shares of the electronics maker’s stock valued at $121,000 after buying an additional 200 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

TE Connectivity Ltd (NYSE:TEL) traded down 0.58% during midday trading on Friday, reaching $73.69. 1,756,676 shares of the company’s stock were exchanged. TE Connectivity Ltd has a 52 week low of $54.54 and a 52 week high of $76.77. The firm has a market capitalization of $26.18 billion, a P/E ratio of 12.89 and a beta of 1.16. The stock’s 50 day moving average is $74.23 and its 200 day moving average is $70.17.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 25th. The electronics maker reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.15. The business earned $3.10 billion during the quarter, compared to analyst estimates of $3 billion. TE Connectivity had a net margin of 16.56% and a return on equity of 19.26%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. On average, analysts expect that TE Connectivity Ltd will post $4.43 EPS for the current fiscal year.

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Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, March 2nd. Stifel Nicolaus upped their price objective on shares of TE Connectivity from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 26th. Goldman Sachs Group Inc lowered shares of TE Connectivity from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $63.00 to $64.00 in a report on Wednesday, January 4th. Cowen and Company began coverage on shares of TE Connectivity in a report on Tuesday, March 21st. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, Longbow Research upgraded shares of TE Connectivity from a “neutral” rating to a “buy” rating in a report on Thursday, January 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. TE Connectivity currently has a consensus rating of “Buy” and an average price target of $77.67.

In related news, SVP Tim Murphy sold 1,752 shares of TE Connectivity stock in a transaction on Monday, February 27th. The shares were sold at an average price of $74.46, for a total value of $130,453.92. Following the completion of the sale, the senior vice president now owns 4,084 shares in the company, valued at $304,094.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James O’toole sold 32,688 shares of TE Connectivity stock in a transaction on Monday, January 30th. The stock was sold at an average price of $73.40, for a total transaction of $2,399,299.20. Following the completion of the sale, the insider now owns 32,688 shares of the company’s stock, valued at approximately $2,399,299.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 596,255 shares of company stock valued at $44,499,970. Insiders own 1.49% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

5 Day Chart for NYSE:TEL

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