Kintegral Advisory LLC Sells 1,245 Shares of TE Connectivity Ltd. (NYSE:TEL)

Kintegral Advisory LLC cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,716 shares of the electronics maker’s stock after selling 1,245 shares during the period. Kintegral Advisory LLC’s holdings in TE Connectivity were worth $3,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new stake in TE Connectivity in the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new position in shares of TE Connectivity in the fourth quarter worth $44,000. Hilltop National Bank purchased a new stake in shares of TE Connectivity in the fourth quarter worth $55,000. Deseret Mutual Benefit Administrators bought a new stake in TE Connectivity during the fourth quarter valued at $57,000. Finally, Webster Bank N. A. purchased a new position in TE Connectivity during the fourth quarter worth about $61,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research analyst reports. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target for the company in a research report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Bank of America raised their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their target price on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,925,752.88. This trade represents a 13.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Down 0.8 %

TEL opened at $154.55 on Friday. The company has a market cap of $46.11 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The business’s 50-day moving average price is $147.20 and its 200-day moving average price is $148.40. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the firm earned $1.84 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity announced that its Board of Directors has approved a share repurchase program on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.