TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Interval Partners LP

Interval Partners LP reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 58.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,480 shares of the electronics maker’s stock after selling 48,960 shares during the quarter. Interval Partners LP’s holdings in TE Connectivity were worth $5,153,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in TE Connectivity by 54.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock valued at $2,265,218,000 after buying an additional 5,526,230 shares during the period. Norges Bank acquired a new position in shares of TE Connectivity during the 4th quarter worth $693,985,000. Massachusetts Financial Services Co. MA grew its stake in shares of TE Connectivity by 2.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,632,809 shares of the electronics maker’s stock worth $650,910,000 after purchasing an additional 111,340 shares during the period. Impax Asset Management Group plc grew its stake in shares of TE Connectivity by 1.4% during the 4th quarter. Impax Asset Management Group plc now owns 3,774,896 shares of the electronics maker’s stock worth $529,798,000 after purchasing an additional 51,866 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of TE Connectivity by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker’s stock worth $510,015,000 after purchasing an additional 403,750 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target on the stock. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Truist Financial boosted their price objective on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TE Connectivity currently has an average rating of “Hold” and a consensus price target of $158.45.

TE Connectivity Price Performance

TEL stock traded up $1.31 on Wednesday, reaching $154.26. The company had a trading volume of 716,049 shares, compared to its average volume of 1,952,653. TE Connectivity Ltd. has a 1 year low of $115.00 and a 1 year high of $159.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. The company’s fifty day moving average is $151.34 and its 200 day moving average is $145.59. The company has a market cap of $47.24 billion, a P/E ratio of 13.99, a PEG ratio of 2.12 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. TE Connectivity’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 EPS. On average, research analysts forecast that TE Connectivity Ltd. will post 7.56 earnings per share for the current year.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,892,763.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Terrence R. Curtin 218,500 shares of the stock in a transaction on Monday, July 29th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

TE Connectivity 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.