TE Connectivity Ltd. (NYSE:TEL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 4.6% in the second quarter, HoldingsChannel.com reports. The firm owned 38,618 shares of the electronics maker’s stock after selling 1,868 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TE Connectivity were worth $5,809,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TEL. Price T Rowe Associates Inc. MD raised its position in TE Connectivity by 54.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker’s stock worth $2,265,218,000 after acquiring an additional 5,526,230 shares during the period. First Trust Advisors LP lifted its stake in TE Connectivity by 150.9% in the 4th quarter. First Trust Advisors LP now owns 2,143,423 shares of the electronics maker’s stock valued at $301,151,000 after buying an additional 1,289,230 shares in the last quarter. Wellington Management Group LLP boosted its holdings in TE Connectivity by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker’s stock worth $510,015,000 after buying an additional 403,750 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in TE Connectivity by 698.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 305,610 shares of the electronics maker’s stock worth $44,387,000 after buying an additional 267,350 shares in the last quarter. Finally, Axiom Investors LLC DE raised its holdings in shares of TE Connectivity by 37.0% during the fourth quarter. Axiom Investors LLC DE now owns 898,598 shares of the electronics maker’s stock valued at $126,253,000 after acquiring an additional 242,492 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $148.11 on Friday. TE Connectivity Ltd. has a 52-week low of $115.00 and a 52-week high of $159.98. The business has a fifty day moving average of $149.59 and a two-hundred day moving average of $147.40. The stock has a market cap of $45.01 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. TE Connectivity’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. As a group, research analysts anticipate that TE Connectivity Ltd. will post 7.57 earnings per share for the current year.

Insider Buying and Selling

In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at approximately $5,889,893.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,363 shares of company stock valued at $11,042,161. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TEL shares. Robert W. Baird lifted their price target on TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Bank of America upped their target price on shares of TE Connectivity from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Hsbc Global Res raised shares of TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com started coverage on shares of TE Connectivity in a research note on Saturday. They set a “buy” rating for the company. Finally, HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, TE Connectivity has an average rating of “Hold” and an average target price of $158.73.

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.