First National Bank & Trust Co. of Newtown Purchases Shares of 6,473 TE Connectivity Ltd. (NYSE:TEL)

First National Bank & Trust Co. of Newtown purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,473 shares of the electronics maker’s stock, valued at approximately $925,000.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new position in shares of TE Connectivity in the 4th quarter valued at $26,000. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at $44,000. Hilltop National Bank acquired a new position in shares of TE Connectivity during the 4th quarter valued at $55,000. Webster Bank N. A. acquired a new position in shares of TE Connectivity during the 4th quarter valued at $61,000. Finally, Vestor Capital LLC acquired a new position in shares of TE Connectivity during the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TEL shares. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Citigroup lifted their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were 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 owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. The trade was a 13.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

TE Connectivity stock opened at $156.10 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 capitalization of $46.57 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The firm’s fifty day moving average price is $147.02 and its 200 day moving average price is $148.27.

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

TE Connectivity announced that its board has authorized a stock buyback program on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the electronics maker to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

TE Connectivity 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.