Calamos Advisors LLC Sells 1,175 Shares of TE Connectivity Ltd. (NYSE:TEL)

Calamos Advisors LLC lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TEL. Cibc World Market Inc. raised its stake in shares of TE Connectivity by 63.8% in the first quarter. Cibc World Market Inc. now owns 11,366 shares of the electronics maker’s stock worth $1,489,000 after buying an additional 4,427 shares during the period. Cetera Investment Advisers raised its stake in TE Connectivity by 16.2% during the 1st quarter. Cetera Investment Advisers now owns 25,817 shares of the electronics maker’s stock valued at $3,382,000 after purchasing an additional 3,598 shares during the period. Dakota Wealth Management raised its stake in TE Connectivity by 23.0% during the 1st quarter. Dakota Wealth Management now owns 4,259 shares of the electronics maker’s stock valued at $558,000 after purchasing an additional 797 shares during the period. Sequoia Financial Advisors LLC raised its stake in TE Connectivity by 108.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,336 shares of the electronics maker’s stock valued at $437,000 after purchasing an additional 1,739 shares during the period. Finally, Vanguard Group Inc. raised its stake in TE Connectivity by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock valued at $3,617,824,000 after purchasing an additional 308,580 shares during the period. Institutional investors own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In related news, insider Steven T. Merkt sold 99,777 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the completion of the transaction, the insider now owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $140.55 on Friday. The stock has a market cap of $43.68 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.86. The stock has a 50 day moving average price of $142.65 and a 200-day moving average price of $135.52. TE Connectivity Ltd. has a one year low of $115.00 and a one year high of $147.98.

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

TE Connectivity Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TEL shares. Stifel Nicolaus lifted their target price on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Jefferies Financial Group started coverage on TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price on the stock. Robert W. Baird lifted their target price on TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. StockNews.com initiated coverage on TE Connectivity in a research note on Sunday, April 14th. They set a “buy” rating on the stock. Finally, Citigroup initiated coverage on TE Connectivity in a report on Friday, January 5th. They set a “neutral” rating and a $146.00 price target for the company. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.30.

About TE Connectivity

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.