Oppenheimer Asset Management Inc. Acquires 5,402 Shares of TE Connectivity Ltd (TEL)

Oppenheimer Asset Management Inc. boosted its holdings in shares of TE Connectivity Ltd (NYSE:TEL) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,253 shares of the electronics maker’s stock after acquiring an additional 5,402 shares during the period. Oppenheimer Asset Management Inc.’s holdings in TE Connectivity were worth $4,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in TE Connectivity during the 2nd quarter valued at about $111,000. Fort L.P. purchased a new position in TE Connectivity during the 2nd quarter valued at about $115,000. Private Capital Group LLC purchased a new position in TE Connectivity during the 2nd quarter valued at about $121,000. CIBC World Markets Inc. purchased a new position in TE Connectivity during the 1st quarter valued at about $246,000. Finally, Legacy Capital Partners Inc. purchased a new position in TE Connectivity during the 3rd quarter valued at about $217,000. 88.01% of the stock is owned by institutional investors.

TEL has been the subject of a number of recent research reports. Morgan Stanley lowered their price target on shares of TE Connectivity from $116.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, September 17th. ValuEngine cut shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Robert W. Baird lowered shares of TE Connectivity from an “outperform” rating to a “neutral” rating in a research note on Monday, October 1st. Wells Fargo & Co reduced their price objective on shares of TE Connectivity from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, July 17th. Finally, Macquarie assumed coverage on shares of TE Connectivity in a research note on Monday, October 8th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. TE Connectivity presently has a consensus rating of “Buy” and a consensus target price of $110.45.



NYSE:TEL opened at $75.68 on Tuesday. The stock has a market cap of $26.09 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.15 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.98. TE Connectivity Ltd has a fifty-two week low of $73.70 and a fifty-two week high of $108.23.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia–Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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

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