Banque Cantonale Vaudoise Has $442,000 Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

Banque Cantonale Vaudoise decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 41.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,043 shares of the electronics maker’s stock after selling 2,136 shares during the period. Banque Cantonale Vaudoise’s holdings in TE Connectivity were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TEL. JFS Wealth Advisors LLC lifted its position in shares of TE Connectivity by 97.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after buying an additional 190 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in TE Connectivity in the 4th quarter valued at $30,000. Crewe Advisors LLC acquired a new stake in shares of TE Connectivity in the 4th quarter valued at $33,000. Finally, Sachetta LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $34,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 1.0 %

Shares of NYSE TEL opened at $152.00 on Friday. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $152.79. The stock has a market cap of $46.55 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average is $146.91 and its 200-day moving average is $142.65.

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

Insider Buying and Selling at TE Connectivity

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

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of research reports. 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 price objective for the company. Robert W. Baird dropped their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. StockNews.com started coverage on shares of TE Connectivity in a research note on Monday, June 17th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. lowered 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. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.38.

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.