TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,062 shares of the electronics maker’s stock after purchasing an additional 513 shares during the period. Private Advisor Group LLC’s holdings in TE Connectivity were worth $2,425,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc raised its holdings in TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after buying an additional 128 shares during the period. Olistico Wealth LLC purchased a new position in shares of TE Connectivity in the second quarter worth approximately $30,000. Armstrong Advisory Group Inc. raised its holdings in shares of TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 150 shares during the period. Bank & Trust Co acquired a new position in TE Connectivity in the 2nd quarter worth approximately $35,000. Finally, Wolff Wiese Magana LLC grew its position in TE Connectivity by 2,450.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 245 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the sale, the chief financial officer now owns 38,073 shares of the company’s stock, valued at $5,889,893.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the transaction, the chief financial officer now owns 38,073 shares of the company’s stock, valued at $5,889,893.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at $3,942,663.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Bank of America decreased their price objective on TE Connectivity from $173.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group dropped their target price on TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company reduced their price target on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, September 20th. Finally, Vertical Research began coverage on shares of TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, TE Connectivity has a consensus rating of “Hold” and a consensus target price of $161.82.

TE Connectivity Trading Up 1.2 %

TE Connectivity stock opened at $150.87 on Tuesday. TE Connectivity Ltd. has a one year low of $115.16 and a one year high of $159.98. The company’s fifty day moving average price is $148.03 and its two-hundred day moving average price is $148.31. The company has a market capitalization of $46.20 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.92 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99.

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.