TE Connectivity Ltd. (NYSE:TEL) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 21.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,349 shares of the electronics maker’s stock after buying an additional 12,140 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TE Connectivity were worth $10,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TEL. Versant Capital Management Inc raised its position in TE Connectivity by 209.8% during the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 128 shares during the last quarter. Olistico Wealth LLC acquired a new position in shares of TE Connectivity during the 2nd quarter worth approximately $30,000. Armstrong Advisory Group Inc. lifted its stake in TE Connectivity by 208.3% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock valued at $34,000 after buying an additional 150 shares in the last quarter. Bank & Trust Co acquired a new stake in TE Connectivity during the 2nd quarter valued at $35,000. Finally, Wolff Wiese Magana LLC increased its position in TE Connectivity by 2,450.0% during the third 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 and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Vertical Research started coverage on TE Connectivity in a research note on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price objective on the stock. HSBC cut shares of TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 price target on the stock. in a research note on Thursday, October 31st. StockNews.com started coverage on shares of TE Connectivity in a research report on Friday, November 8th. They issued a “buy” rating for the company. Wolfe Research upgraded shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Finally, Hsbc Global Res downgraded TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $159.55.

Read Our Latest Stock Report on TEL

TE Connectivity Stock Up 0.9 %

Shares of NYSE TEL opened at $154.71 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.61 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $47.02 billion, a PE ratio of 15.06, a P/E/G ratio of 2.09 and a beta of 1.33. The firm has a fifty day moving average of $148.14 and a 200-day moving average of $149.13. TE Connectivity Ltd. has a 52-week low of $126.87 and a 52-week high of $159.98.

TE Connectivity (NYSE:TELGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.95 EPS for the quarter, hitting the consensus estimate of $1.95. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 earnings per share. On average, analysts anticipate that TE Connectivity Ltd. will post 8.13 EPS for the current year.

TE Connectivity announced that its board has initiated a stock repurchase program on Wednesday, October 30th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the electronics maker to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

TE Connectivity Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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