TE Connectivity (NYSE:TEL) Sets New 12-Month High at $153.80

Shares of TE Connectivity Ltd. (NYSE:TEL) reached a new 52-week high on Wednesday . The stock traded as high as $153.80 and last traded at $153.51, with a volume of 1414329 shares traded. The stock had previously closed at $149.76.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TEL. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. JPMorgan Chase & Co. reduced their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. StockNews.com started coverage on TE Connectivity in a research report on Thursday. They set a “buy” rating for the company. Robert W. Baird reduced their price target on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Wells Fargo & Company reduced their price target on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.13.

TE Connectivity Stock Performance

The company has a market cap of $47.71 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $149.38 and a two-hundred day moving average price of $143.80.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company earned $1.65 EPS. The company’s revenue was down 4.6% on a year-over-year basis. On average, research analysts predict that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the sale, the insider now owns 20,556 shares in the company, valued at approximately $3,186,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now owns 5,917 shares in the company, valued at approximately $837,196.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,794 shares of company stock worth $3,102,206. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in shares of TE Connectivity by 16.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 9,665 shares of the electronics maker’s stock valued at $1,194,000 after buying an additional 1,365 shares during the last quarter. Citigroup Inc. grew its position in shares of TE Connectivity by 52.6% in the 3rd quarter. Citigroup Inc. now owns 418,506 shares of the electronics maker’s stock valued at $51,698,000 after buying an additional 144,174 shares during the last quarter. Appleton Partners Inc. MA grew its position in shares of TE Connectivity by 0.8% in the 4th quarter. Appleton Partners Inc. MA now owns 15,988 shares of the electronics maker’s stock valued at $2,246,000 after buying an additional 130 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $683,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of TE Connectivity by 3.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 32,302 shares of the electronics maker’s stock valued at $4,538,000 after buying an additional 1,209 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Company 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.