Oregon Public Employees Retirement Fund Cuts Stake in TE Connectivity Ltd. (NYSE:TEL)

Oregon Public Employees Retirement Fund lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,653 shares of the electronics maker’s stock after selling 370 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in TE Connectivity were worth $3,668,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of TE Connectivity by 13.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,516 shares of the electronics maker’s stock valued at $5,061,000 after buying an additional 4,012 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in TE Connectivity by 49.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 4,267 shares of the electronics maker’s stock worth $644,000 after acquiring an additional 1,416 shares during the period. Nicholas Hoffman & Company LLC. raised its position in shares of TE Connectivity by 13.2% in the third quarter. Nicholas Hoffman & Company LLC. now owns 1,676 shares of the electronics maker’s stock worth $253,000 after buying an additional 195 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in TE Connectivity by 24.8% during the third quarter. Catalyst Financial Partners LLC now owns 2,332 shares of the electronics maker’s stock valued at $352,000 after buying an additional 463 shares during the period. Finally, Farther Finance Advisors LLC grew its position in TE Connectivity by 20.9% during the third quarter. Farther Finance Advisors LLC now owns 1,611 shares of the electronics maker’s stock worth $243,000 after buying an additional 278 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.5 %

Shares of TEL opened at $151.89 on Friday. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The firm has a market capitalization of $45.32 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.11 and a beta of 1.32. The firm’s 50-day moving average price is $147.66 and its 200-day moving average price is $148.66. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

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

Analyst Upgrades and Downgrades

TEL has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. HSBC upgraded 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. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Truist Financial reduced their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Finally, Bank of America boosted their price objective on TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $167.00.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the transaction, the insider now owns 25,976 shares in the company, valued at $3,925,752.88. The trade was 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.

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.