Fairway Wealth LLC Makes New $43,000 Investment in TE Connectivity Ltd. (NYSE:TEL)

Fairway Wealth LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 300 shares of the electronics maker’s stock, valued at approximately $43,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TEL. Wells Fargo & Company increased their price target on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Citigroup increased their price target on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Robert W. Baird increased their price target on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Bank of America raised their target price 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 raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price for the company in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $167.00.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,925,752.88. This trade represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $148.25 on Tuesday. The stock has a market cap of $44.23 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. 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 stock has a fifty day moving average of $148.41 and a 200-day moving average of $148.72.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results 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. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current 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.