TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,970 shares of the electronics maker’s stock after purchasing an additional 353 shares during the quarter. Freestone Capital Holdings LLC’s holdings in TE Connectivity were worth $3,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TEL. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity during the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its position in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 107 shares during the period. Golden State Wealth Management LLC acquired a new position in TE Connectivity during the 4th quarter valued at approximately $44,000. Hilltop National Bank acquired a new position in TE Connectivity during the 4th quarter valued at approximately $55,000. Finally, Deseret Mutual Benefit Administrators acquired a new position in TE Connectivity during the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Trading Up 2.0 %

Shares of NYSE TEL opened at $150.95 on Thursday. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The company has a market cap of $45.03 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 2.11 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $148.17 and a 200-day simple moving average of $148.78.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 EPS. Sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the subject of a number of analyst reports. Truist Financial reduced their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup boosted their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Bank of America boosted their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their price objective on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $167.00.

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.