TE Connectivity Ltd. (NYSE:TEL) insider Joan Wainwright sold 63,562 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.79, for a total transaction of $6,025,041.98. Following the sale, the insider now directly owns 61,292 shares in the company, valued at approximately $5,809,868.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TE Connectivity Ltd. (TEL) traded down $0.28 during trading hours on Wednesday, reaching $92.28. 1,989,051 shares of the company’s stock were exchanged, compared to its average volume of 1,439,023. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. The firm has a market capitalization of $32,470.00, a PE ratio of 19.23, a PEG ratio of 1.62 and a beta of 1.08. TE Connectivity Ltd. has a 52 week low of $66.20 and a 52 week high of $96.68.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.09. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.28 billion. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. equities research analysts predict that TE Connectivity Ltd. will post 5.27 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of TEL. Renaissance Technologies LLC acquired a new stake in TE Connectivity during the first quarter worth about $3,601,000. State of Alaska Department of Revenue increased its position in TE Connectivity by 42.4% during the second quarter. State of Alaska Department of Revenue now owns 4,670 shares of the electronics maker’s stock worth $367,000 after purchasing an additional 1,391 shares during the last quarter. Aperio Group LLC increased its position in TE Connectivity by 13.8% during the second quarter. Aperio Group LLC now owns 142,022 shares of the electronics maker’s stock worth $11,174,000 after purchasing an additional 17,209 shares during the last quarter. BTIM Corp. increased its position in TE Connectivity by 41.2% during the second quarter. BTIM Corp. now owns 59,970 shares of the electronics maker’s stock worth $4,718,000 after purchasing an additional 17,500 shares during the last quarter. Finally, Asset Advisors Corp increased its position in TE Connectivity by 12.3% during the second quarter. Asset Advisors Corp now owns 37,550 shares of the electronics maker’s stock worth $2,954,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.
Several analysts have recently commented on the stock. Cowen reaffirmed a “buy” rating and issued a $95.00 price objective on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Monday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 price objective on shares of TE Connectivity in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price target (up from $90.00) on shares of TE Connectivity in a report on Monday, October 30th. Finally, Citigroup increased their price target on shares of TE Connectivity from $92.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $150.00.
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.
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