November 28, 2016 - By Ruchi Gupta
An insider of the company Te Connectivity Ltd, Thomas Lynch also its Chairman & CEO, disclosed his well-informed sell activities with the U.S. SEC on November 28, 2016. According to the document, Thomas had sold 97,745 shares of the Pinksheet-listed Te Connectivity Ltd. The total insider sale was worth $6,570,468 U.S. Dollars. At the time of the transaction the price of a share was $67.2. He also unloaded 123,633 shares valued at $7,797,645 USD in the last 30 days. And, It’s sure Thomas’s stocks unloading isn’t going to stay unnoticed as he presently is having 300,901 shares – ( 0.08% of Te Connectivity Ltd’s Market Cap ).
Out of 7 analysts covering TE Connectivity (NYSE:TEL), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $74 is the highest target while $63 is the lowest. The $67.60 average target is -0.53% below today’s ($67.96) stock price. TE Connectivity has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained TE Connectivity Ltd (NYSE:TEL) rating on Friday, January 15. RBC Capital Markets has “Outperform” rating and $65.0 price target. The firm earned “Buy” rating on Thursday, January 21 by Stifel Nicolaus. On Monday, January 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was downgraded on Wednesday, March 2 by Berenberg. The stock of TE Connectivity Ltd (NYSE:TEL) earned “Neutral” rating by Goldman Sachs on Monday, May 9. Longbow downgraded the shares of TEL in a report on Thursday, January 14 to “Neutral” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 1. As per Tuesday, March 29, the company rating was downgraded by SunTrust. The rating was maintained by RBC Capital Markets on Friday, September 25 with “Outperform”. RBC Capital Markets maintained TE Connectivity Ltd (NYSE:TEL) on Thursday, November 3 with “Outperform” rating.
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.07, from 0.95 in 2016Q1. The ratio improved, as 45 funds sold all TE Connectivity Ltd shares owned while 174 reduced positions. 56 funds bought stakes while 153 increased positions. They now own 296.27 million shares or 0.53% more from 294.72 million shares in 2016Q1.
Moreover, Alpine Mgmt Lc has 0.07% invested in TE Connectivity Ltd (NYSE:TEL) for 16,328 shares. Tompkins Corp has invested 0.01% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Synovus Fincl last reported 0% of its portfolio in the stock. Lowe Brockenbrough & holds 87,362 shares or 0.87% of its portfolio. Engineers Gate Manager Limited Partnership last reported 52,200 shares in the company. Tower Research Cap Limited Liability Co (Trc) holds 0.06% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 11,503 shares. Todd Asset Mngmt Limited Liability Corporation owns 724,333 shares or 1.32% of their US portfolio. Regions Finance owns 21,801 shares or 0.02% of their US portfolio. Hightower Advisors Lc accumulated 10,163 shares or 0.01% of the stock. Geode Capital Management Limited Liability holds 0.09% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 2.88 million shares. Oregon Public Employees Retirement Fund last reported 0.08% of its portfolio in the stock. Mufg Americas Holdings Corporation holds 0.02% or 12,149 shares in its portfolio. Whittier Trust Of Nevada Inc holds 8,908 shares or 0.06% of its portfolio. State Of New Jersey Common Pension Fund D accumulated 406,000 shares or 0.11% of the stock. Qs Invsts Ltd Liability Corporation owns 5,686 shares or 0% of their US portfolio.
Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 16 sales for $37.95 million net activity. MERKT STEVEN T also sold $666,427 worth of TE Connectivity Ltd (NYSE:TEL) shares. $735,625 worth of TE Connectivity Ltd (NYSE:TEL) was sold by Jenkins John S on Tuesday, July 26. LYNCH THOMAS J sold $5.41 million worth of stock or 87,958 shares. CURTIN TERRENCE R sold $78,766 worth of stock. $722,777 worth of TE Connectivity Ltd (NYSE:TEL) was sold by SHADDOCK ROBERT N on Monday, August 15. Another trade for 32,188 shares valued at $2.15 million was made by Donahue Joseph B on Saturday, November 12. The insider O’Toole James sold $854,995.
About 125,042 shares traded hands. TE Connectivity Ltd (NYSE:TEL) has risen 12.98% since April 25, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.
TE Connectivity Ltd. is a technology company, which creates and makes connectivity and sensors solutions. The company has a market cap of $24.38 billion. The Firm operates through three divisions: Transportation Solutions, Industrial Solutions and Communications Solutions. It has a 12.82 P/E ratio. The Company’s divisions manufacture and distribute its products and solutions to a range of end markets.
According to Zacks Investment Research, “TE Connectivity Ltd., formerly known as Tyco Electronics Ltd., operates as a global provider of engineered electronic components; network solutions and systems; and wireless systems. The Company’s engineered electronic components are applicable in consumer and industrial products, network solutions and systems are applicable in telecommunications and energy markets; and wireless systems are applicable for critical communications, radar and defense applications. The Company designs, manufactures and markets products for customers in industries ranging from automotive, appliance, aerospace and defense to telecommunications, computers and consumer electronics. TE Connectivity Ltd. is based in Schaffhausen, Switzerland.”
Analysts await TE Connectivity Ltd (NYSE:TEL) to report earnings on January, 18. They expect $1.00 earnings per share, up 19.05% or $0.16 from last year’s $0.84 per share. TEL’s profit will be $358.79 million for 16.99 P/E if the $1.00 EPS becomes a reality. After $1.27 actual earnings per share reported by TE Connectivity Ltd for the previous quarter, Wall Street now forecasts -21.26% negative EPS growth.
More recent TE Connectivity Ltd (NYSE:TEL) news were published by: Wsj.com which released: “TE Connectivity CEO Tom Lynch to Step Down, President Will Be Successor” on October 03, 2016. Also Nasdaq.com published the news titled: “TE Connectivity Ltd. (TEL) Ex-Dividend Date Scheduled for November 22, 2016” on November 21, 2016. Prnewswire.com‘s news article titled: “TE Connectivity Recognized as an Innovation Leader in CNBC IQ100 Index” with publication date: November 01, 2016 was also an interesting one.
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By Ruchi Gupta