Azzad Asset Management Inc. ADV Has $2.60 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

Azzad Asset Management Inc. ADV raised its position in TE Connectivity Ltd. (NYSE:TEL) by 76.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,907 shares of the electronics maker’s stock after buying an additional 7,760 shares during the period. Azzad Asset Management Inc. ADV’s holdings in TE Connectivity were worth $2,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC boosted its position in TE Connectivity by 0.6% in the first quarter. Miracle Mile Advisors LLC now owns 13,326 shares of the electronics maker’s stock valued at $1,935,000 after buying an additional 75 shares in the last quarter. LVW Advisors LLC lifted its position in shares of TE Connectivity by 59.0% during the first quarter. LVW Advisors LLC now owns 2,890 shares of the electronics maker’s stock worth $420,000 after purchasing an additional 1,072 shares in the last quarter. Founders Financial Securities LLC lifted its position in shares of TE Connectivity by 24.0% during the first quarter. Founders Financial Securities LLC now owns 2,136 shares of the electronics maker’s stock worth $310,000 after purchasing an additional 413 shares in the last quarter. Asio Capital LLC lifted its position in shares of TE Connectivity by 11.7% during the first quarter. Asio Capital LLC now owns 17,093 shares of the electronics maker’s stock worth $2,483,000 after purchasing an additional 1,788 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new position in shares of TE Connectivity during the first quarter worth approximately $277,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Down 0.8 %

Shares of TEL stock opened at $148.78 on Thursday. The firm has a fifty day moving average of $147.95 and a 200-day moving average of $143.33. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. TE Connectivity Ltd. has a 12-month low of $115.00 and a 12-month high of $153.54. The company has a market capitalization of $45.56 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 2.21 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last announced 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 net margin of 21.63% and a return on equity of 18.80%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts predict that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TEL shares. Jefferies Financial Group started coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. StockNews.com assumed coverage on shares of TE Connectivity in a research report on Wednesday. They set a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, Robert W. Baird cut their price objective on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $155.13.

Insider Buying and Selling

In related 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 transaction, the director now owns 5,917 shares in the company, valued at $837,196.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TE Connectivity 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 value of $996,655.56. Following the completion of the sale, the director now 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 this hyperlink. Also, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction on Monday, June 3rd. The shares were 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 owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate 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.