Aigen Investment Management LP Acquires New Holdings in TE Connectivity Ltd. (NYSE:TEL)

Aigen Investment Management LP acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, HoldingsChannel reports. The firm acquired 5,811 shares of the electronics maker’s stock, valued at approximately $831,000.

A number of other large investors have also added to or reduced their stakes in TEL. Pinnacle Bancorp Inc. bought a new position in TE Connectivity in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. raised its holdings in TE Connectivity by 117.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after buying an additional 107 shares during the last quarter. Golden State Wealth Management LLC bought a new position in TE Connectivity in the 4th quarter valued at approximately $44,000. Hilltop National Bank bought a new position in TE Connectivity in the 4th quarter valued at approximately $55,000. Finally, Deseret Mutual Benefit Administrators bought a new position in TE Connectivity in the 4th quarter valued at approximately $57,000. Institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TEL shares. Truist Financial dropped their price objective on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company increased their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. 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. Robert W. Baird increased their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Hold” and an average price target of $167.00.

Insider Buying and Selling at TE Connectivity

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

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $150.95 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $148.17 and its two-hundred day simple moving average is $148.78. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The stock has a market cap of $45.03 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the business earned $1.84 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Company 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.