Were Analysts Bearish TE Connectivity Ltd. (NYSE:TEL) This Week?

June 14, 2018 - By Eugene Smith

TE Connectivity Ltd. (NYSE:TEL) LogoInvestors sentiment decreased to 0.82 in Q1 2018. Its down 0.20, from 1.02 in 2017Q4. It dropped, as 50 investors sold TE Connectivity Ltd. shares while 229 reduced holdings. 71 funds opened positions while 159 raised stakes. 309.75 million shares or 2.21% more from 303.06 million shares in 2017Q4 were reported.
Harris Ltd Partnership holds 4.2% or 25.16 million shares in its portfolio. Hudock Cap Gp Ltd holds 0% or 37 shares. Creative Planning reported 22,071 shares stake. San Francisco Sentry Invest Grp (Ca) reported 30 shares or 0% of all its holdings. Millennium Limited Liability holds 0.04% or 277,441 shares. Walleye Trading Limited Liability reported 0% in TE Connectivity Ltd. (NYSE:TEL). Sumitomo Mitsui Asset Mgmt Company holds 0.04% or 25,949 shares in its portfolio. Tower Bridge Advsrs has invested 0% in TE Connectivity Ltd. (NYSE:TEL). Virginia Retirement Et Al reported 237,100 shares stake. Gabelli Funds Ltd stated it has 205,000 shares or 0.12% of all its holdings. Baldwin Brothers Ma accumulated 1,495 shares. Columbus Circle invested in 0.89% or 437,867 shares. State Bank Of Nova Scotia has 0.02% invested in TE Connectivity Ltd. (NYSE:TEL). Tiverton Asset Management has invested 0.03% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Fuller & Thaler Asset Inc holds 0% or 1,000 shares.

Since January 29, 2018, it had 0 buys, and 6 insider sales for $37.00 million activity. On Monday, January 29 CURTIN TERRENCE R sold $14.85M worth of TE Connectivity Ltd. (NYSE:TEL) or 142,450 shares. The insider Murphy Tim sold $1.65 million. On Thursday, February 1 LYNCH THOMAS J sold $7.89 million worth of TE Connectivity Ltd. (NYSE:TEL) or 76,183 shares. 10,684 shares were sold by MERKT STEVEN T, worth $1.10M.

TE Connectivity Ltd. (NYSE:TEL) Ratings Coverage

Among 9 analysts covering TE Connectivity (NYSE:TEL), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. TE Connectivity had 15 analyst reports since January 3, 2018 according to SRatingsIntel. Oppenheimer initiated the shares of TEL in report on Monday, March 26 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, January 24. Robert W. Baird maintained TE Connectivity Ltd. (NYSE:TEL) rating on Tuesday, April 17. Robert W. Baird has “Buy” rating and $12300 target. Wells Fargo maintained the shares of TEL in report on Thursday, January 25 with “Outperform” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, January 24. The stock has “Buy” rating by Citigroup on Thursday, January 25. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Buy” rating by Oppenheimer on Monday, April 2. On Wednesday, January 24 the stock rating was maintained by RBC Capital Markets with “Buy”. Morgan Stanley maintained the shares of TEL in report on Thursday, April 26 with “Overweight” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, January 18 report. Below is a list of TE Connectivity Ltd. (NYSE:TEL) latest ratings and price target changes.

26/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $111 New Target: $117 Maintain
18/04/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
17/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $123.0000 Maintain
02/04/2018 Broker: Oppenheimer Rating: Buy New Target: $120.0000 Initiate
26/03/2018 Broker: Oppenheimer Rating: Buy New Target: $120.0000 Initiate
25/01/2018 Broker: SunTrust Rating: Hold New Target: $102.0 Maintain
25/01/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $102 New Target: $111 Maintain
25/01/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $112 New Target: $120 Maintain
25/01/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $106 New Target: $119 Maintain
24/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $115.0 Maintain

The stock increased 2.24% or $2.18 during the last trading session, reaching $99.32. About 1.44M shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 20.40% since June 14, 2017 and is uptrending. It has outperformed by 7.83% the S&P500.

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 has market cap of $34.78 billion. The firm operates through three divisions: Transportation Solutions, Industrial Solutions, and Communications Solutions. It has a 28.69 P/E ratio. The Transportation Solutions segment primarily provides terminals and connector systems and components, sensors, and relays, as well as application tooling and wires, and heat shrink tubing for use in the automotive, commercial transportation, and sensor markets.

Another recent and important TE Connectivity Ltd. (NYSE:TEL) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in TE Connectivity, Nutrien, Cheetah Mobile, Unilever NV, B2Gold, and Piedmont …” on June 08, 2018.

TE Connectivity Ltd. (NYSE:TEL) Ratings Chart

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