Robertson Stephens Wealth Management LLC Acquires 347 Shares of TE Connectivity Ltd. (NYSE:TEL)

Robertson Stephens Wealth Management LLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 7.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,847 shares of the electronics maker’s stock after purchasing an additional 347 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in TE Connectivity were worth $693,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in shares of TE Connectivity in the 4th quarter worth approximately $26,000. Armstrong Advisory Group Inc. lifted its stake in shares of TE Connectivity by 208.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 150 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of TE Connectivity by 2,450.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 245 shares during the period. Hilltop National Bank bought a new stake in TE Connectivity during the 4th quarter worth approximately $55,000. Finally, Webster Bank N. A. bought a new stake in TE Connectivity during the 4th quarter worth approximately $61,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.3 %

TEL stock opened at $146.95 on Friday. The firm has a fifty day moving average price of $147.13 and a 200 day moving average price of $148.42. TE Connectivity Ltd. has a fifty-two week low of $137.61 and a fifty-two week high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a market cap of $43.84 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.92 billion. During the same period last year, the firm posted $1.84 earnings per share. TE Connectivity’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts anticipate that TE Connectivity Ltd. will post 7.96 earnings per share for the current fiscal year.

TE Connectivity declared that its board has approved a stock repurchase program on Wednesday, October 30th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Bank of America raised their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird raised their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Citigroup raised their target price on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their price objective 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. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

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.