Checchi Capital Advisers LLC Purchases 151 Shares of TE Connectivity Ltd. (NYSE:TEL)

Checchi Capital Advisers LLC grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,698 shares of the electronics maker’s stock after buying an additional 151 shares during the quarter. Checchi Capital Advisers LLC’s holdings in TE Connectivity were worth $386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pinnacle Bancorp Inc. bought a new stake in TE Connectivity in the 4th quarter worth $26,000. Golden State Wealth Management LLC purchased a new position in TE Connectivity in the fourth quarter worth about $44,000. Hilltop National Bank bought a new position in shares of TE Connectivity during the fourth quarter valued at $55,000. Deseret Mutual Benefit Administrators purchased a new stake in TE Connectivity in the fourth quarter worth approximately $57,000. Finally, Webster Bank N. A. bought a new position in TE Connectivity in the fourth quarter valued at about $61,000. 91.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at $3,925,752.88. This represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by company insiders.

TE Connectivity Price Performance

TEL opened at $151.89 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $147.66 and a 200 day moving average of $148.66. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The stock has a market cap of $45.32 billion, a P/E ratio of 24.26, a PEG ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target on the stock in a report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Truist Financial cut their target price on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.00.

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.