HighPoint Advisor Group LLC Maintains Stake in TE Connectivity Ltd. (TEL)
HighPoint Advisor Group LLC maintained its stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,060 shares of the electronics maker’s stock at the end of the 2nd quarter. HighPoint Advisor Group LLC’s holdings in TE Connectivity were worth $728,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Guardian Life Insurance Co. of America increased its stake in shares of TE Connectivity by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock worth $102,000 after purchasing an additional 9 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of TE Connectivity by 0.8% during the 2nd quarter. Moors & Cabot Inc. now owns 2,813 shares of the electronics maker’s stock worth $222,000 after purchasing an additional 21 shares during the last quarter. Pictet North America Advisors SA increased its stake in shares of TE Connectivity by 0.6% during the 2nd quarter. Pictet North America Advisors SA now owns 3,725 shares of the electronics maker’s stock worth $293,000 after purchasing an additional 24 shares during the last quarter. Cleararc Capital Inc. increased its stake in shares of TE Connectivity by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 8,692 shares of the electronics maker’s stock worth $648,000 after purchasing an additional 37 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of TE Connectivity by 2.2% during the 1st quarter. Parallel Advisors LLC now owns 1,996 shares of the electronics maker’s stock worth $150,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.
TE Connectivity Ltd. (NYSE TEL) traded up 0.19% on Friday, reaching $87.61. 200,589 shares of the company were exchanged. The firm has a 50-day moving average of $82.06 and a 200 day moving average of $78.80. The firm has a market capitalization of $30.96 billion, a P/E ratio of 18.60 and a beta of 1.08. TE Connectivity Ltd. has a 12-month low of $60.88 and a 12-month high of $87.87.
TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.07. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that TE Connectivity Ltd. will post $4.75 earnings per share for the current year.
In other news, SVP Mario Calastri sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $80.23, for a total value of $481,380.00. Following the completion of the sale, the senior vice president now directly owns 23,078 shares of the company’s stock, valued at $1,851,547.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas J. Lynch sold 186,033 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $79.75, for a total transaction of $14,836,131.75. Following the completion of the sale, the insider now directly owns 504,884 shares of the company’s stock, valued at $40,264,499. The disclosure for this sale can be found here. Over the last three months, insiders sold 693,747 shares of company stock valued at $55,780,069. Corporate insiders own 1.30% of the company’s stock.
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Several equities research analysts have recently issued reports on TEL shares. Royal Bank Of Canada raised their price target on shares of TE Connectivity from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 27th. BidaskClub lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Cowen and Company restated a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a research note on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $84.14.
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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