Yousif Capital Management LLC Has $6.50 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Yousif Capital Management LLC lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,249 shares of the electronics maker’s stock after selling 2,405 shares during the quarter. Yousif Capital Management LLC’s holdings in TE Connectivity were worth $6,498,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $156,000. Linden Thomas Advisory Services LLC grew its position in shares of TE Connectivity by 10.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,353 shares of the electronics maker’s stock valued at $1,033,000 after purchasing an additional 685 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of TE Connectivity by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 1,844,897 shares of the electronics maker’s stock valued at $259,208,000 after buying an additional 14,059 shares during the period. Foster & Motley Inc. boosted its stake in shares of TE Connectivity by 2.1% in the fourth quarter. Foster & Motley Inc. now owns 17,000 shares of the electronics maker’s stock valued at $2,389,000 after buying an additional 349 shares during the period. Finally, Sage Mountain Advisors LLC bought a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE TEL opened at $140.44 on Friday. The company has a market capitalization of $43.65 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.99 and a beta of 1.39. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $147.98. The stock has a fifty day simple moving average of $142.59 and a 200 day simple moving average of $136.06. The company has a quick ratio of 1.16, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. TE Connectivity’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 earnings per share. Sell-side analysts expect that TE Connectivity Ltd. will post 7.59 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a $0.65 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a yield of 1.85%. TE Connectivity’s payout ratio is 21.59%.

Insider Activity at TE Connectivity

In related news, insider Steven T. Merkt sold 99,777 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the completion of the sale, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target for the company. Stifel Nicolaus upped their target price on TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Truist Financial upped their target price on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Finally, StockNews.com assumed coverage on TE Connectivity in a research note on Monday. They issued a “buy” rating for the company. 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $153.50.

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.