TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,297 shares of the electronics maker’s stock after purchasing an additional 173 shares during the period. AdvisorNet Financial Inc’s holdings in TE Connectivity were worth $2,000,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its position in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 91 shares during the period. Salem Investment Counselors Inc. raised its holdings in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc lifted its holdings in shares of TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 128 shares in the last quarter. Olistico Wealth LLC acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. boosted its position in shares of TE Connectivity by 103.6% during the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL stock traded up $3.57 during trading hours on Thursday, hitting $148.70. 569,869 shares of the company were exchanged, compared to its average volume of 1,936,253. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $159.98. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $150.44 and a 200 day simple moving average of $146.30. The stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.96 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Research analysts predict that TE Connectivity Ltd. will post 7.56 earnings per share for the current fiscal year.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 25,976 shares in the company, valued at approximately $3,892,763.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the transaction, the senior vice president now owns 25,504 shares in the company, valued at approximately $3,942,663.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The disclosure for this sale can be found here. Insiders have sold a total of 76,363 shares of company stock valued at $11,791,461 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TEL. Bank of America lifted their target price on TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Robert W. Baird boosted their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. 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. Vertical Research started coverage on TE Connectivity in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price target for the company. Finally, StockNews.com started coverage on TE Connectivity in a report on Monday. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Hold” and an average target price of $158.45.

About TE Connectivity

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.