Andra AP fonden Has $14.93 Million Position in TE Connectivity Ltd. (NYSE:TEL)

Andra AP fonden lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 12.7% in the fourth quarter, Holdings Channel reports. The firm owned 104,400 shares of the electronics maker’s stock after selling 15,200 shares during the period. Andra AP fonden’s holdings in TE Connectivity were worth $14,926,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in TE Connectivity during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its holdings in TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 107 shares during the period. Golden State Wealth Management LLC acquired a new position in TE Connectivity during the fourth quarter valued at approximately $44,000. Hilltop National Bank acquired a new position in TE Connectivity during the fourth quarter valued at approximately $55,000. Finally, Deseret Mutual Benefit Administrators acquired a new position in TE Connectivity during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL stock opened at $150.90 on Friday. The company’s fifty day simple moving average is $148.30 and its 200-day simple moving average is $148.77. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The firm has a market cap of $45.02 billion, a PE ratio of 24.10, 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.

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

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,812,497.52. This represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TEL. Citigroup boosted their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company upped their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Bank of America upped their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $167.00.

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.