Apollon Wealth Management LLC Has $1.26 Million Position in TE Connectivity Ltd. (NYSE:TEL)

Apollon Wealth Management LLC raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,346 shares of the electronics maker’s stock after buying an additional 223 shares during the quarter. Apollon Wealth Management LLC’s holdings in TE Connectivity were worth $1,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TEL. Versant Capital Management Inc grew its position in shares of TE Connectivity by 209.8% in the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 128 shares during the period. Olistico Wealth LLC acquired a new position in shares of TE Connectivity in the 2nd quarter valued at approximately $30,000. Armstrong Advisory Group Inc. grew its position in shares of 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 purchasing an additional 150 shares during the period. Bank & Trust Co acquired a new position in shares of TE Connectivity in the 2nd quarter valued at approximately $35,000. Finally, Wolff Wiese Magana LLC grew its position 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 valued at $39,000 after purchasing an additional 245 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Down 1.0 %

Shares of TE Connectivity stock opened at $153.26 on Friday. TE Connectivity Ltd. has a 12-month low of $128.52 and a 12-month high of $159.98. The stock has a market cap of $46.58 billion, a P/E ratio of 14.92, a P/E/G ratio of 2.09 and a beta of 1.33. 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 business’s 50 day moving average is $148.28 and its 200-day moving average is $149.17.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.95. The business had revenue of $4.07 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. Equities research analysts predict that TE Connectivity Ltd. will post 8.13 earnings per share for the current fiscal year.

TE Connectivity declared that its board has authorized a share repurchase program on Wednesday, October 30th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

TEL has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company decreased their price objective on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, September 20th. HSBC cut TE Connectivity from a “hold” rating to a “reduce” rating and set a $137.00 target price on the stock. in a research note on Thursday, October 31st. StockNews.com assumed coverage on TE Connectivity in a research note on Friday, November 8th. They issued a “buy” rating on the stock. Finally, Hsbc Global Res cut TE Connectivity from a “hold” rating to a “moderate sell” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $159.55.

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.