Sage Mountain Advisors LLC Has $205,000 Stake in TE Connectivity Ltd. (NYSE:TEL)

Sage Mountain Advisors LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 27.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,435 shares of the electronics maker’s stock after selling 555 shares during the period. Sage Mountain Advisors LLC’s holdings in TE Connectivity were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Davis R M Inc. grew its holdings in shares of TE Connectivity by 2.0% during the fourth quarter. Davis R M Inc. now owns 6,916 shares of the electronics maker’s stock worth $989,000 after purchasing an additional 135 shares during the last quarter. Claris Advisors LLC MO grew its holdings in shares of TE Connectivity by 2,792.2% during the fourth quarter. Claris Advisors LLC MO now owns 2,227 shares of the electronics maker’s stock worth $318,000 after purchasing an additional 2,150 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of TE Connectivity by 4.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 50,177 shares of the electronics maker’s stock worth $7,174,000 after purchasing an additional 2,303 shares during the last quarter. NBT Bank N A NY bought a new stake in shares of TE Connectivity during the fourth quarter worth about $764,000. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of TE Connectivity by 239.4% during the fourth quarter. Atlantic Union Bankshares Corp now owns 7,535 shares of the electronics maker’s stock worth $1,077,000 after purchasing an additional 5,315 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Price Performance

TE Connectivity stock opened at $143.09 on Thursday. The stock has a market capitalization of $42.69 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.11 and a beta of 1.32. TE Connectivity Ltd. has a 52-week low of $137.61 and a 52-week high of $159.98. The stock’s 50 day moving average price is $148.44 and its two-hundred day moving average price is $148.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 EPS. On average, equities analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,812,497.52. This represents a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TEL has been the topic of several research reports. Truist Financial reduced their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 price target on the stock in a report on Thursday, January 23rd. Robert W. Baird upped their target price on TE Connectivity from $162.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Finally, Citigroup upped their target price on TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, TE Connectivity presently has an average rating of “Hold” and an average price target of $167.00.

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.