Proficio Capital Partners LLC Invests $5.17 Million in TE Connectivity Ltd. (NYSE:TEL)

Proficio Capital Partners LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 36,171 shares of the electronics maker’s stock, valued at approximately $5,171,000.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in shares of TE Connectivity during the 4th quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new stake in TE Connectivity during the fourth quarter valued at $44,000. Hilltop National Bank purchased a new stake in TE Connectivity during the fourth quarter valued at $55,000. Deseret Mutual Benefit Administrators bought a new position in TE Connectivity during the fourth quarter valued at $57,000. Finally, Webster Bank N. A. purchased a new position in shares of TE Connectivity in the 4th quarter worth $61,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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 on Monday, January 27th. The stock was sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at approximately $3,925,752.88. This represents a 13.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TEL has been the subject of a number of analyst reports. Bank of America increased their price target on shares of TE Connectivity from $167.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price objective on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. HSBC raised TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price on the stock in a research report on Thursday, January 23rd. Hsbc Global Res upgraded TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $167.00.

TE Connectivity Trading Down 2.2 %

NYSE TEL opened at $150.60 on Tuesday. The stock has a market cap of $44.93 billion, a PE ratio of 24.06, a PEG ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The company’s 50-day moving average price is $148.00 and its 200-day moving average price is $148.78. 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 issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the firm earned $1.84 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

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.