OppenheimerFunds Inc. raised its stake in shares of TE Connectivity Ltd (NYSE:TEL) by 124.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 454,254 shares of the electronics maker’s stock after acquiring an additional 252,036 shares during the period. OppenheimerFunds Inc.’s holdings in TE Connectivity were worth $36,680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TEL. Vanguard Group Inc increased its position in shares of TE Connectivity by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 24,999,009 shares of the electronics maker’s stock valued at $2,198,164,000 after purchasing an additional 340,661 shares during the last quarter. FMR LLC increased its position in shares of TE Connectivity by 23.5% during the 4th quarter. FMR LLC now owns 6,558,221 shares of the electronics maker’s stock valued at $495,997,000 after purchasing an additional 1,248,798 shares during the last quarter. Geode Capital Management LLC increased its position in shares of TE Connectivity by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 3,810,379 shares of the electronics maker’s stock valued at $287,667,000 after purchasing an additional 188,148 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of TE Connectivity by 1.3% during the 1st quarter. Artisan Partners Limited Partnership now owns 3,740,958 shares of the electronics maker’s stock valued at $302,082,000 after purchasing an additional 48,088 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of TE Connectivity during the 4th quarter valued at about $280,716,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

TE Connectivity stock traded up $0.14 during midday trading on Wednesday, hitting $91.45. The stock had a trading volume of 16,294 shares, compared to its average volume of 1,521,542. The firm has a market capitalization of $30.62 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.58 and a beta of 1.15. TE Connectivity Ltd has a 52-week low of $69.84 and a 52-week high of $99.52. The company has a current ratio of 1.41, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 24th. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.15. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. TE Connectivity had a net margin of 20.17% and a return on equity of 18.78%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS. On average, analysts predict that TE Connectivity Ltd will post 5.61 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.01%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, May 23rd. TE Connectivity’s dividend payout ratio is currently 32.80%.

In other TE Connectivity news, insider Terrence R. Curtin sold 128,750 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $94.20, for a total transaction of $12,128,250.00. Following the completion of the sale, the insider now directly owns 213,719 shares of the company’s stock, valued at approximately $20,132,329.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas J. Lynch sold 68,516 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $95.36, for a total transaction of $6,533,685.76. Following the sale, the director now directly owns 234,398 shares of the company’s stock, valued at $22,352,193.28. The disclosure for this sale can be found here. Insiders sold a total of 299,383 shares of company stock valued at $28,368,769 over the last three months. 0.80% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on TEL shares. Zacks Investment Research raised shares of TE Connectivity from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. ValuEngine raised shares of TE Connectivity from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Finally, HC Wainwright reaffirmed a “sell” rating on shares of TE Connectivity in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. TE Connectivity has an average rating of “Hold” and an average price target of $94.43.

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TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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