WealthTrust Axiom LLC maintained its position in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,437 shares of the electronics maker’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in TE Connectivity were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in TE Connectivity by 55.6% in the first quarter. Morgan Stanley now owns 1,552,290 shares of the electronics maker’s stock valued at $115,724,000 after buying an additional 554,403 shares during the last quarter. Howland Capital Management LLC boosted its position in TE Connectivity by 0.4% in the first quarter. Howland Capital Management LLC now owns 266,606 shares of the electronics maker’s stock valued at $19,875,000 after buying an additional 1,019 shares during the last quarter. First Manhattan Co. boosted its position in TE Connectivity by 18.1% in the first quarter. First Manhattan Co. now owns 3,918 shares of the electronics maker’s stock valued at $252,000 after buying an additional 600 shares during the last quarter. Toronto Dominion Bank boosted its position in TE Connectivity by 56.5% in the first quarter. Toronto Dominion Bank now owns 95,909 shares of the electronics maker’s stock valued at $7,149,000 after buying an additional 34,630 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in TE Connectivity by 3.6% in the first quarter. Fiduciary Management Inc. WI now owns 9,616,782 shares of the electronics maker’s stock valued at $716,931,000 after buying an additional 331,080 shares during the last quarter. 90.21% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Ltd. (NYSE:TEL) opened at 80.90 on Tuesday. TE Connectivity Ltd. has a 52-week low of $58.33 and a 52-week high of $85.20. The stock’s 50 day moving average price is $79.98 and its 200 day moving average price is $76.36. The firm has a market capitalization of $28.59 billion, a PE ratio of 17.18 and a beta of 1.06.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.07. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. Analysts expect that TE Connectivity Ltd. will post $4.74 earnings per share for the current year.

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TEL has been the subject of several analyst reports. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, June 16th. Deutsche Bank AG boosted their target price on TE Connectivity from $75.00 to $82.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Royal Bank Of Canada boosted their target price on TE Connectivity from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 27th. BidaskClub cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Cowen and Company reissued an “outperform” rating and set a $95.00 target price (up from $90.00) on shares of TE Connectivity in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. TE Connectivity has an average rating of “Buy” and an average target price of $83.43.

In other news, EVP John S. Jenkins sold 14,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $75.70, for a total transaction of $1,059,800.00. Following the completion of the sale, the executive vice president now directly owns 8,823 shares in the company, valued at $667,901.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mario Calastri sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $80.23, for a total value of $481,380.00. Following the sale, the senior vice president now owns 23,078 shares of the company’s stock, valued at $1,851,547.94. The disclosure for this sale can be found here. Insiders have sold 734,107 shares of company stock valued at $58,302,629 over the last 90 days. Insiders own 1.49% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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

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