4,094 TE Connectivity Ltd. $TEL Shares Sold by Inscription Capital LLC

Inscription Capital LLC lessened its position in TE Connectivity Ltd. (NYSE:TEL) by 62.0% during the third quarter, Holdings Channel reports. The fund owned 2,504 shares of the electronics maker’s stock after selling 4,094 shares during the quarter. Inscription Capital LLC’s holdings in TE Connectivity were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in TE Connectivity by 48.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares during the period. Hsbc Holdings PLC increased its stake in shares of TE Connectivity by 385.0% in the first quarter. Hsbc Holdings PLC now owns 1,115,692 shares of the electronics maker’s stock valued at $232,677,000 after purchasing an additional 885,658 shares during the period. State Street Corp raised its holdings in shares of TE Connectivity by 5.7% during the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock valued at $2,750,079,000 after buying an additional 730,084 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of TE Connectivity by 415.4% during the second quarter. Alyeska Investment Group L.P. now owns 849,218 shares of the electronics maker’s stock valued at $171,211,000 after buying an additional 684,463 shares during the last quarter. Finally, Amundi raised its holdings in shares of TE Connectivity by 37.2% during the first quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock valued at $471,733,000 after buying an additional 612,180 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $207.59 on Friday. The stock has a fifty day moving average price of $212.17 and a two-hundred day moving average price of $212.54. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.73. The firm has a market cap of $60.10 billion, a P/E ratio of 18.75, a PEG ratio of 1.30 and a beta of 1.15. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.07. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.29 billion. TE Connectivity had a return on equity of 25.55% and a net margin of 16.36%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.44 EPS. Research analysts forecast that TE Connectivity Ltd. will post 13.43 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity’s payout ratio is presently 28.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. HSBC cut their target price on TE Connectivity from $234.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Barclays boosted their price target on TE Connectivity from $300.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Wells Fargo & Company increased their price target on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday, September 11th. Finally, Truist Financial lowered their price target on TE Connectivity from $240.00 to $215.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.50.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) designs and manufactures connectivity and sensor solutions used to transmit data, power and signals. Its products include connectors, terminals, relays, antennas and sensors, as well as related components and systems.

The company serves customers in industries including automotive, industrial equipment, communications, aerospace and defense, medical technology, and energy. Its products are used in applications ranging from vehicles and factory automation to telecommunications infrastructure and aircraft.

TE Connectivity operates internationally and traces its history to Tyco Electronics, which became an independent company following its separation from Tyco International in 2007.