Sivia Capital Partners LLC Takes $202,000 Position in TE Connectivity Ltd. (NYSE:TEL)

Sivia Capital Partners LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,439 shares of the electronics maker’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of TE Connectivity in the fourth quarter valued at approximately $10,759,000. Nordea Investment Management AB lifted its position in TE Connectivity by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock worth $114,430,000 after buying an additional 41,198 shares in the last quarter. SG Americas Securities LLC lifted its position in TE Connectivity by 518.3% during the fourth quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock worth $21,876,000 after buying an additional 130,515 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in TE Connectivity by 184.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock worth $6,163,000 after buying an additional 28,449 shares in the last quarter. Finally, Patten Group Inc. purchased a new position in TE Connectivity during the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 1.4 %

TEL traded up $2.05 on Monday, hitting $149.40. 567,785 shares of the company were exchanged, compared to its average volume of 1,973,813. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $152.79. The company has a market cap of $45.75 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $146.36 and a two-hundred day moving average price of $142.02.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm posted $1.65 EPS. TE Connectivity’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts predict that TE Connectivity Ltd. will post 7.5 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given 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 dividend yield of 1.74%. TE Connectivity’s dividend payout ratio is currently 23.79%.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

TEL has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Robert W. Baird reduced their target price on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Jefferies Financial Group started coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price on the stock. Finally, StockNews.com started coverage on TE Connectivity in a research report on Monday. They issued a “buy” rating on the stock. 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, TE Connectivity presently has an average rating of “Moderate Buy” and an average price target of $153.89.

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.