Calamos Advisors LLC Decreases Holdings in TE Connectivity Ltd. (NYSE:TEL)

Calamos Advisors LLC cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,373 shares of the electronics maker’s stock after selling 1,175 shares during the quarter. Calamos Advisors LLC’s holdings in TE Connectivity were worth $10,590,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Xponance Inc. increased its position in shares of TE Connectivity by 24.4% during the 4th quarter. Xponance Inc. now owns 34,478 shares of the electronics maker’s stock valued at $4,844,000 after purchasing an additional 6,759 shares during the last quarter. Ninety One SA PTY Ltd increased its position in shares of TE Connectivity by 28.0% during the 4th quarter. Ninety One SA PTY Ltd now owns 47,029 shares of the electronics maker’s stock valued at $6,608,000 after purchasing an additional 10,283 shares during the last quarter. Ninety One North America Inc. increased its position in shares of TE Connectivity by 39.4% during the 4th quarter. Ninety One North America Inc. now owns 61,289 shares of the electronics maker’s stock valued at $8,611,000 after purchasing an additional 17,322 shares during the last quarter. Federated Hermes Inc. increased its position in shares of TE Connectivity by 16.8% during the 4th quarter. Federated Hermes Inc. now owns 91,637 shares of the electronics maker’s stock valued at $12,875,000 after purchasing an additional 13,188 shares during the last quarter. Finally, Donaldson Capital Management LLC purchased a new stake in TE Connectivity in the 4th quarter worth about $220,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 0.0 %

Shares of NYSE TEL opened at $140.55 on Friday. The company has a market cap of $43.68 billion, a P/E ratio of 13.33, a P/E/G ratio of 2.00 and a beta of 1.39. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $142.65 and a two-hundred day simple moving average of $135.52. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $147.98.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.13. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $1.53 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 7.59 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a yield of 1.85%. TE Connectivity’s payout ratio is 22.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TEL shares. Robert W. Baird lifted their price objective on TE Connectivity from $147.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Truist Financial lifted their price objective on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Stifel Nicolaus lifted their price objective on TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, Jefferies Financial Group assumed coverage on TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Insider Buying and Selling

In related news, insider Steven T. Merkt sold 99,777 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the completion of the sale, the insider now owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

TE Connectivity Company 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.