AE Wealth Management LLC Has $5.62 Million Stake in TE Connectivity Ltd. (NYSE:TEL)

AE Wealth Management LLC increased its stake in TE Connectivity Ltd. (NYSE:TEL) by 37.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,327 shares of the electronics maker’s stock after purchasing an additional 10,243 shares during the quarter. AE Wealth Management LLC’s holdings in TE Connectivity were worth $5,615,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in shares of TE Connectivity by 184.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock valued at $6,163,000 after purchasing an additional 28,449 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in TE Connectivity by 17.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock valued at $52,456,000 after buying an additional 52,824 shares during the last quarter. Russell Investments Group Ltd. increased its position in TE Connectivity by 25.3% in the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock worth $41,811,000 after buying an additional 58,219 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of TE Connectivity by 72.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after buying an additional 135,548 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of TE Connectivity in the second quarter worth $15,847,000. Institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

TEL has been the subject of several research analyst reports. Bank of America upped their target price on shares of TE Connectivity from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Wells Fargo & Company cut their price objective 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. Truist Financial lifted their target price on TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. StockNews.com assumed coverage on TE Connectivity in a report on Saturday. They issued a “buy” rating for the company. Finally, Hsbc Global Res raised TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $158.73.

Insider Transactions at TE Connectivity

In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now owns 25,504 shares in the company, valued at approximately $3,942,663.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the completion of the transaction, the insider now directly owns 20,556 shares of the company’s stock, valued at $3,186,180. The disclosure for this sale can be found here. Insiders have sold 71,363 shares of company stock valued at $11,042,161 in the last three months. 0.86% of the stock is owned by corporate insiders.

TE Connectivity Stock Down 0.9 %

Shares of NYSE:TEL opened at $148.11 on Friday. The company’s fifty day moving average is $149.59 and its 200-day moving average is $147.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $159.98. The company has a market capitalization of $45.36 billion, a PE ratio of 13.55, a P/E/G ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 earnings per share. Equities research analysts predict that TE Connectivity Ltd. will post 7.57 earnings per share for the current fiscal year.

TE Connectivity Company 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.