Inscription Capital LLC Makes New $372,000 Investment in TE Connectivity Ltd. (NYSE:TEL)

Inscription Capital LLC bought a new position in TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,748 shares of the electronics maker’s stock, valued at approximately $372,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Company LLC bought a new position in shares of TE Connectivity in the first quarter valued at approximately $31,000. Eagle Bay Advisors LLC bought a new position in shares of TE Connectivity in the second quarter valued at approximately $37,000. Arkadios Wealth Advisors boosted its holdings in shares of TE Connectivity by 279.7% in the second quarter. Arkadios Wealth Advisors now owns 281 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 207 shares in the last quarter. Pflug Koory LLC bought a new position in shares of TE Connectivity in the second quarter valued at approximately $41,000. Finally, Isthmus Partners LLC bought a new position in shares of TE Connectivity in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.51% of the company’s stock.

In other news, Director Daniel J. Phelan bought 231 shares of the stock in a transaction that occurred on Tuesday, August 10th. The shares were acquired at an average cost of $150.25 per share, for a total transaction of $34,707.75. Following the purchase, the director now owns 34,151 shares of the company’s stock, valued at approximately $5,131,187.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Lynch sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $148.31, for a total transaction of $14,831,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

TEL stock opened at $141.42 on Thursday. TE Connectivity Ltd. has a 12-month low of $94.16 and a 12-month high of $153.54. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 0.36. The company has a market cap of $46.39 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.15 and a beta of 1.36. The company has a 50 day moving average of $146.59 and a two-hundred day moving average of $139.21.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, July 28th. The electronics maker reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.21. TE Connectivity had a net margin of 11.81% and a return on equity of 20.47%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.73 billion. On average, research analysts anticipate that TE Connectivity Ltd. will post 6.48 EPS for the current year.

TEL has been the subject of several recent research reports. Truist Securities increased their target price on shares of TE Connectivity from $139.00 to $149.00 and gave the company a “hold” rating in a research note on Thursday, July 29th. Truist increased their target price on shares of TE Connectivity from $139.00 to $149.00 and gave the company a “hold” rating in a research note on Thursday, July 29th. Morgan Stanley increased their target price on shares of TE Connectivity from $135.00 to $138.00 and gave the company an “equal weight” rating in a research note on Thursday, July 29th. Robert W. Baird increased their target price on shares of TE Connectivity from $145.00 to $158.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Finally, Royal Bank of Canada increased their target price on shares of TE Connectivity from $160.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $150.08.

TE Connectivity Company Profile

TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.

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

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