TE Connectivity Ltd. (NYSE:TEL) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 817 shares of the electronics maker’s stock after selling 86 shares during the period. GHP Investment Advisors Inc.’s holdings in TE Connectivity were worth $115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TEL. SRS Capital Advisors Inc. raised its holdings in shares of 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 acquiring an additional 107 shares during the period. Fairway Wealth LLC acquired a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $43,000. Global X Japan Co. Ltd. acquired a new stake in shares of TE Connectivity during the first quarter valued at approximately $47,000. Loomis Sayles & Co. L P raised its holdings in shares of TE Connectivity by 32.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 500 shares of the electronics maker’s stock valued at $71,000 after acquiring an additional 123 shares during the period. Finally, Ancora Advisors LLC raised its holdings in shares of TE Connectivity by 150.0% during the fourth quarter. Ancora Advisors LLC now owns 500 shares of the electronics maker’s stock valued at $71,000 after acquiring an additional 300 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Up 0.9%

TE Connectivity stock opened at $168.04 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.51. The firm has a market cap of $49.83 billion, a PE ratio of 36.93, a P/E/G ratio of 2.18 and a beta of 1.23. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $168.49. The firm’s 50 day moving average price is $156.08 and its two-hundred day moving average price is $148.82.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.96 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 earnings per share. On average, research analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, August 22nd. TE Connectivity’s dividend payout ratio is 62.42%.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of TE Connectivity from $165.00 to $142.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Hsbc Global Res upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 24th. Wells Fargo & Company boosted their price target on shares of TE Connectivity from $148.00 to $156.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. UBS Group upped their price objective on shares of TE Connectivity from $163.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Finally, Vertical Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.50.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 30,000 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the completion of the sale, the executive vice president now directly owns 24,625 shares of the company’s stock, valued at approximately $3,678,728.75. This represents a 54.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,675 shares of company stock valued at $27,369,059 over the last ninety days. Corporate 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.