Could TE Connectivity LTD. New Switzerland Registered SH (NYSE:TEL) Go Down After Its Newest Short Interest Report?

July 14, 2018 - By Jeanette Kaplan

TE Connectivity Ltd. (NYSE:TEL) Logo

Investors sentiment decreased to 0.82 in Q1 2018. Its down 0.20, from 1.02 in 2017Q4. It fall, 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.
Rhumbline Advisers owns 312,851 shares. Prudential Plc invested 0% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Clearbridge Invs Ltd Liability Company owns 14.11 million shares or 1.33% of their US portfolio. Finemark State Bank invested in 2,968 shares or 0.02% of the stock. Boys Arnold Incorporated stated it has 0.17% in TE Connectivity Ltd. (NYSE:TEL). Teachers Retirement Of The State Of Kentucky holds 0.35% in TE Connectivity Ltd. (NYSE:TEL) or 290,750 shares. First Advsr Ltd Partnership holds 352,225 shares or 0.08% of its portfolio. Nelson Van Denburg Campbell Wealth Management Group Ltd Liability Corp accumulated 2,679 shares. Bluemountain Mgmt Limited Co has invested 0% in TE Connectivity Ltd. (NYSE:TEL). Mason Street Advsrs Limited Liability Corporation invested in 48,922 shares or 0.12% of the stock. Illinois-based Wolverine Asset Mgmt Lc has invested 0.02% in TE Connectivity Ltd. (NYSE:TEL). Ellington Management Limited Com invested 0.03% in TE Connectivity Ltd. (NYSE:TEL). Amp Capital Invsts Limited reported 0.09% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Midas Corp invested 1.5% in TE Connectivity Ltd. (NYSE:TEL). Utd Capital Advisers Llc stated it has 11,098 shares or 0.01% of all its holdings.

Since January 29, 2018, it had 0 buys, and 6 selling transactions for $37.00 million activity. CURTIN TERRENCE R had sold 142,450 shares worth $14.85 million on Monday, January 29. On Thursday, March 1 LYNCH THOMAS J sold $7.73M worth of TE Connectivity Ltd. (NYSE:TEL) or 76,183 shares. MERKT STEVEN T had sold 10,684 shares worth $1.10M on Wednesday, February 21. Jenkins John S sold $3.78 million worth of TE Connectivity Ltd. (NYSE:TEL) on Thursday, February 1.

The stock of TE Connectivity LTD. New Switzerland Registered SH (NYSE:TEL) registered a decrease of 10.33% in short interest. TEL’s total short interest was 4.37 million shares in July as published by FINRA. Its down 10.33% from 4.88 million shares, reported previously. With 1.94M shares average volume, it will take short sellers 2 days to cover their TEL’s short positions. The short interest to TE Connectivity LTD. New Switzerland Registered SH’s float is 1.25%.

The stock decreased 0.36% or $0.33 during the last trading session, reaching $91.85. About 1.00 million shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 20.40% since July 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 $32.16 billion. The firm operates through three divisions: Transportation Solutions, Industrial Solutions, and Communications Solutions. It has a 24.77 P/E ratio. The Transportation Solutions segment primarily provides terminals and connector systems and components, sensors, and relays, as well as application tooling, wires, and heat shrink tubing for use in the automotive, commercial transportation, and sensor markets.

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 has $12300 highest and $102.0 lowest target. $116.50’s average target is 26.84% above currents $91.85 stock price. TE Connectivity had 14 analyst reports since January 15, 2018 according to SRatingsIntel. The company was maintained on Thursday, January 25 by SunTrust. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, January 18. Citigroup maintained the stock with “Buy” rating in Thursday, January 25 report. On Wednesday, April 18 the stock rating was upgraded by Goldman Sachs to “Neutral”. As per Monday, January 15, the company rating was maintained by RBC Capital Markets. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Buy” rating by RBC Capital Markets on Wednesday, January 24. Robert W. Baird maintained it with “Buy” rating and $12300 target in Tuesday, April 17 report. Wells Fargo maintained TE Connectivity Ltd. (NYSE:TEL) rating on Thursday, January 25. Wells Fargo has “Outperform” rating and $120 target. The firm earned “Buy” rating on Monday, April 2 by Oppenheimer. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, January 25 report.

More news for TE Connectivity Ltd. (NYSE:TEL) were recently published by: Seekingalpha.com, which released: “Oakmark Equity And Income Fund: Second Quarter 2018” on July 11, 2018. Seekingalpha.com‘s article titled: “Oakmark Global Fund: Second Quarter 2018” and published on July 11, 2018 is yet another important article.

TE Connectivity Ltd. (NYSE:TEL) Ratings Chart

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