Compagnie Lombard Odier SCmA Buys Shares of 1,220 TE Connectivity Ltd. (NYSE:TEL)

Compagnie Lombard Odier SCmA bought a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,220 shares of the electronics maker’s stock, valued at approximately $174,000.

Several other hedge funds have also recently added to or reduced their stakes in TEL. Exchange Traded Concepts LLC bought a new stake in TE Connectivity during the 3rd quarter valued at $235,000. Creative Planning raised its stake in TE Connectivity by 3.0% during the 3rd quarter. Creative Planning now owns 42,019 shares of the electronics maker’s stock valued at $6,345,000 after acquiring an additional 1,237 shares in the last quarter. Swedbank AB raised its stake in TE Connectivity by 1.0% during the 3rd quarter. Swedbank AB now owns 70,792 shares of the electronics maker’s stock valued at $10,689,000 after acquiring an additional 684 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in TE Connectivity by 5.7% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,343 shares of the electronics maker’s stock valued at $505,000 after acquiring an additional 180 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its stake in shares of TE Connectivity by 2,450.0% in 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 in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Down 0.2 %

NYSE:TEL opened at $152.87 on Friday. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.01 and a beta of 1.32. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. 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 business’s fifty day moving average price is $146.78 and its 200 day moving average price is $148.23.

TE Connectivity (NYSE:TEL) last posted 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. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 7.95 earnings per share for the current fiscal year.

TE Connectivity declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 30th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

TEL has been the topic of a number of research reports. HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price objective on the stock in a research note on Thursday, January 23rd. Bank of America boosted their price objective on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Truist Financial dropped their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $167.00.

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.