Stephens Inc. AR Has $1.55 Million Position in TE Connectivity Ltd. (NYSE:TEL)

Stephens Inc. AR cut its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,847 shares of the electronics maker’s stock after selling 421 shares during the period. Stephens Inc. AR’s holdings in TE Connectivity were worth $1,551,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity during the 4th quarter worth approximately $26,000. Wolff Wiese Magana LLC increased its position in TE Connectivity by 2,450.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after buying an additional 245 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of TE Connectivity in the fourth quarter valued at about $44,000. Hilltop National Bank bought a new position in TE Connectivity during the fourth quarter worth about $55,000. Finally, Webster Bank N. A. acquired a new stake in TE Connectivity in the 4th quarter worth about $61,000. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

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

TE Connectivity Stock Down 1.6 %

Shares of NYSE:TEL opened at $146.51 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The company has a market capitalization of $43.71 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.01 and a beta of 1.32. The company has a fifty day moving average of $146.90 and a 200-day moving average of $148.21.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. On average, equities analysts predict that TE Connectivity Ltd. will post 7.95 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 30th that authorizes the company to repurchase $2.50 billion in 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 typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

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