SYM FINANCIAL Corp Has $297,000 Stock Holdings in TE Connectivity Ltd. (NYSE:TEL)

SYM FINANCIAL Corp grew its holdings in TE Connectivity Ltd. (NYSE:TEL) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,965 shares of the electronics maker’s stock after purchasing an additional 381 shares during the quarter. SYM FINANCIAL Corp’s holdings in TE Connectivity were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEL. Cetera Investment Advisers lifted its stake in shares of TE Connectivity by 129.2% in the 1st quarter. Cetera Investment Advisers now owns 40,922 shares of the electronics maker’s stock valued at $5,944,000 after purchasing an additional 23,068 shares during the period. Cetera Advisors LLC lifted its stake in shares of TE Connectivity by 116.9% in the 1st quarter. Cetera Advisors LLC now owns 9,693 shares of the electronics maker’s stock valued at $1,408,000 after purchasing an additional 5,224 shares during the period. Park Avenue Securities LLC lifted its stake in shares of TE Connectivity by 39.8% in the 2nd quarter. Park Avenue Securities LLC now owns 6,390 shares of the electronics maker’s stock valued at $961,000 after purchasing an additional 1,818 shares during the period. CWM LLC raised its stake in TE Connectivity by 3.7% during the 2nd quarter. CWM LLC now owns 5,957 shares of the electronics maker’s stock worth $896,000 after buying an additional 211 shares during the period. Finally, Simplicity Wealth LLC raised its stake in TE Connectivity by 2.7% during the 2nd quarter. Simplicity Wealth LLC now owns 2,509 shares of the electronics maker’s stock worth $377,000 after buying an additional 67 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TEL. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Wells Fargo & Company dropped their price target on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, September 20th. Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a research note on Thursday, September 5th. Hsbc Global Res downgraded TE Connectivity from a “hold” rating to a “moderate sell” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their price target on TE Connectivity from $189.00 to $179.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, TE Connectivity has an average rating of “Hold” and a consensus price target of $159.55.

TE Connectivity Stock Performance

TEL stock opened at $153.21 on Thursday. The firm has a market cap of $45.83 billion, a PE ratio of 14.92, a P/E/G ratio of 2.06 and a beta of 1.32. 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 has a 50 day moving average of $149.67 and a 200-day moving average of $149.76. TE Connectivity Ltd. has a 12-month low of $128.52 and a 12-month high of $159.98.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, meeting 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%. TE Connectivity’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 8.14 earnings per share for the current year.

TE Connectivity declared that its board has initiated a stock repurchase plan on Wednesday, October 30th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Company 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.