TE Connectivity Ltd. (NYSE:TEL) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 44.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,206 shares of the electronics maker’s stock after purchasing an additional 1,604 shares during the period. XTX Topco Ltd’s holdings in TE Connectivity were worth $783,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Simplicity Wealth LLC raised its position in shares of TE Connectivity by 2.7% during the 2nd quarter. Simplicity Wealth LLC now owns 2,509 shares of the electronics maker’s stock worth $377,000 after purchasing an additional 67 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of TE Connectivity by 2.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker’s stock worth $432,000 after purchasing an additional 68 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of TE Connectivity by 3.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,835 shares of the electronics maker’s stock worth $267,000 after purchasing an additional 69 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of TE Connectivity by 5.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker’s stock worth $207,000 after purchasing an additional 73 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in TE Connectivity by 0.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 13,326 shares of the electronics maker’s stock worth $1,935,000 after acquiring an additional 75 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on TEL shares. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com started coverage on shares of TE Connectivity in a research note on Saturday. They issued a “buy” rating for the company. Truist Financial lifted their target price on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their target price on shares of TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Bank of America lifted their target price on shares of TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.73.

TE Connectivity Stock Down 0.9 %

Shares of TE Connectivity stock opened at $148.11 on Monday. The company has a fifty day moving average price of $149.59 and a 200 day moving average price of $147.49. The company has a current ratio of 1.51, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. TE Connectivity Ltd. has a twelve month low of $115.00 and a twelve month high of $159.98. The stock has a market cap of $45.36 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

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

Insider Buying and Selling

In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares in the company, valued at approximately $3,186,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares in the company, valued at approximately $3,186,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 71,363 shares of company stock valued at $11,042,161. Company insiders own 0.86% of the company’s stock.

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.