TE Connectivity Ltd. (NYSE:TEL) Shares Acquired by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. grew its position in TE Connectivity Ltd. (NYSE:TEL) by 13.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,676 shares of the electronics maker’s stock after acquiring an additional 195 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in TE Connectivity were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Simplicity Wealth LLC lifted its stake in shares of TE Connectivity by 2.7% in the 2nd quarter. Simplicity Wealth LLC now owns 2,509 shares of the electronics maker’s stock valued at $377,000 after purchasing an additional 67 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of TE Connectivity by 2.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker’s stock valued at $432,000 after purchasing an additional 68 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of TE Connectivity by 3.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,835 shares of the electronics maker’s stock valued at $267,000 after purchasing an additional 69 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of TE Connectivity by 5.4% in the 1st quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 73 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of TE Connectivity by 2.2% in the 2nd quarter. Gradient Investments LLC now owns 3,602 shares of the electronics maker’s stock valued at $542,000 after purchasing an additional 76 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Trading Down 0.5 %

NYSE:TEL opened at $151.83 on Thursday. TE Connectivity Ltd. has a 12-month low of $116.01 and a 12-month high of $159.98. The firm has a market capitalization of $46.49 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.92 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. The business has a 50 day simple moving average of $148.06 and a 200 day simple moving average of $148.40.

TE Connectivity declared that its Board of Directors has initiated a share buyback program on Wednesday, October 30th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the electronics maker to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

TEL has been the topic of several recent research reports. Bank of America reduced their price target on TE Connectivity from $173.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Truist Financial boosted their price target on TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Hsbc Global Res raised TE Connectivity to a “hold” rating in a research report on Wednesday, July 24th. Vertical Research initiated coverage on TE Connectivity in a research report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 price target on the stock. Finally, Robert W. Baird boosted their price target on TE Connectivity from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $161.82.

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.