West Michigan Advisors LLC Lowers Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

West Michigan Advisors LLC lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 5.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,091 shares of the electronics maker’s stock after selling 125 shares during the quarter. West Michigan Advisors LLC’s holdings in TE Connectivity were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its stake in TE Connectivity by 15.9% in the fourth quarter. US Bancorp DE now owns 88,323 shares of the electronics maker’s stock worth $12,628,000 after buying an additional 12,095 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth approximately $3,525,000. Mutual of America Capital Management LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $5,123,000. Flputnam Investment Management Co. boosted its stake in shares of TE Connectivity by 11.8% in the 4th quarter. Flputnam Investment Management Co. now owns 34,285 shares of the electronics maker’s stock valued at $4,902,000 after purchasing an additional 3,608 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of TE Connectivity by 3.3% during the 4th quarter. QRG Capital Management Inc. now owns 108,161 shares of the electronics maker’s stock valued at $15,464,000 after purchasing an additional 3,432 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

Shares of TEL stock opened at $154.10 on Friday. The firm has a market capitalization of $45.97 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.11 and a beta of 1.32. The stock has a fifty day moving average of $147.87 and a 200 day moving average of $148.74. TE Connectivity Ltd. has a 52 week low of $137.61 and a 52 week high of $159.98. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company posted $1.84 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

TEL has been the subject of several recent research reports. StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price for the company in a report on Thursday, January 23rd. Citigroup raised their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $167.00.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $3,925,752.88. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% 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.