B. Riley Wealth Advisors Inc. Has $1.86 Million Holdings in TE Connectivity Ltd. (NYSE:TEL)

B. Riley Wealth Advisors Inc. boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.8% in the third quarter, HoldingsChannel reports. The firm owned 12,458 shares of the electronics maker’s stock after acquiring an additional 223 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in TE Connectivity were worth $1,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TEL. Blue Trust Inc. increased its stake in shares of TE Connectivity by 48.6% in the second quarter. Blue Trust Inc. now owns 700 shares of the electronics maker’s stock valued at $102,000 after buying an additional 229 shares in the last quarter. Nisa Investment Advisors LLC raised its position in TE Connectivity by 3.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 67,090 shares of the electronics maker’s stock worth $10,092,000 after purchasing an additional 2,010 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in TE Connectivity by 4.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,134 shares of the electronics maker’s stock worth $471,000 after buying an additional 125 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of TE Connectivity by 38.5% during the second quarter. Dakota Wealth Management now owns 11,121 shares of the electronics maker’s stock valued at $1,673,000 after acquiring an additional 3,090 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in TE Connectivity by 3.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,297 shares of the electronics maker’s stock valued at $346,000 after acquiring an additional 76 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEL has been the topic of a number of research reports. HSBC downgraded shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 target price on the stock. in a research report on Thursday, October 31st. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group reduced their price objective on shares of TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Wolfe Research raised shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company reduced their price target on shares of TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $159.55.

TE Connectivity Trading Down 0.8 %

NYSE TEL opened at $150.09 on Monday. The stock has a market capitalization of $44.90 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.04 and a beta of 1.32. TE Connectivity Ltd. has a 52 week low of $128.52 and a 52 week high of $159.98. The stock’s 50 day moving average price is $150.10 and its two-hundred day moving average price is $149.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, hitting the consensus estimate of $1.95. TE Connectivity had a net margin of 20.15% and a return on equity of 18.48%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. As a group, analysts anticipate that TE Connectivity Ltd. will post 8.14 earnings per share for the current fiscal year.

TE Connectivity announced that its board has initiated a share repurchase plan on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.