Bailard Inc. Has $1.57 Million Stock Position in TE Connectivity Ltd. (NYSE:TEL)

Bailard Inc. decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,181 shares of the electronics maker’s stock after selling 529 shares during the period. Bailard Inc.’s holdings in TE Connectivity were worth $1,571,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of TE Connectivity by 35.9% during the 3rd quarter. IFP Advisors Inc now owns 2,036 shares of the electronics maker’s stock valued at $251,000 after buying an additional 538 shares during the last quarter. Founders Financial Securities LLC boosted its stake in shares of TE Connectivity by 8.9% in the 3rd quarter. Founders Financial Securities LLC now owns 1,650 shares of the electronics maker’s stock worth $204,000 after buying an additional 135 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in TE Connectivity by 14.2% during the third quarter. GHP Investment Advisors Inc. now owns 756 shares of the electronics maker’s stock valued at $92,000 after purchasing an additional 94 shares in the last quarter. Caprock Group LLC increased its holdings in shares of TE Connectivity by 2.9% in the third quarter. Caprock Group LLC now owns 5,493 shares of the electronics maker’s stock worth $679,000 after purchasing an additional 156 shares during the last quarter. Finally, Czech National Bank increased its holdings in shares of TE Connectivity by 47.2% in the third quarter. Czech National Bank now owns 54,900 shares of the electronics maker’s stock worth $6,782,000 after purchasing an additional 17,596 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday. Stifel Nicolaus upped their target price on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Robert W. Baird lowered their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday. Truist Financial raised their price target on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $153.50.

TE Connectivity Stock Performance

Shares of TE Connectivity stock traded up $0.21 during trading hours on Friday, hitting $140.69. 640,031 shares of the company’s stock traded hands, compared to its average volume of 2,193,845. The company has a fifty day simple moving average of $142.59 and a 200-day simple moving average of $136.06. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $147.98. The stock has a market capitalization of $43.73 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.99 and a beta of 1.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 1.16.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. The business’s revenue was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that TE Connectivity Ltd. will post 7.59 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.85%. TE Connectivity’s dividend payout ratio (DPR) is 21.59%.

Insider Activity

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the completion of the sale, the insider now owns 30,459 shares of the company’s stock, valued at $4,386,096. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.86% 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.