Does TE Connectivity LTD. New Switzerland Registered SH (NYSE:TEL) Have Gas After Even Less Sellers Involved?

July 14, 2018 - By Alicia Butler

TE Connectivity Ltd. (NYSE:TEL) Logo

Investors sentiment decreased to 0.82 in 2018 Q1. 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.
Ing Groep Nv accumulated 38,364 shares. Vanguard Grp Inc holds 0.11% of its portfolio in TE Connectivity Ltd. (NYSE:TEL) for 24.15M shares. Cibc Ww Mkts Corporation reported 55,401 shares. Mckinley Carter Wealth Service has invested 0% in TE Connectivity Ltd. (NYSE:TEL). Fjarde Ap stated it has 0.16% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Jefferies Grp Inc Limited Com accumulated 43,606 shares. New Mexico Educational Retirement Board has 33,500 shares for 0.13% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.13% or 141,472 shares in its portfolio. 343,516 are owned by State Of Wisconsin Invest Board. Old Bancshares In reported 0.06% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Tiverton Asset Ltd, Delaware-based fund reported 4,243 shares. Ent Svcs has invested 0.01% in TE Connectivity Ltd. (NYSE:TEL). First In reported 0.01% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Victory Management reported 411,293 shares. First Republic Invest reported 32,309 shares or 0.03% of all its holdings.

Since January 29, 2018, it had 0 buys, and 6 insider sales for $37.00 million activity. On Monday, May 21 Murphy Tim sold $1.65M worth of TE Connectivity Ltd. (NYSE:TEL) or 17,100 shares. Another trade for 36,550 shares valued at $3.78M was made by Jenkins John S on Thursday, February 1. Another trade for 76,183 shares valued at $7.89 million was sold by LYNCH THOMAS J. CURTIN TERRENCE R also sold $14.85 million worth of TE Connectivity Ltd. (NYSE:TEL) on Monday, January 29.

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 4.88M shares, reported previously. With 1.94 million 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. On Wednesday, January 24 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Wells Fargo with “Outperform” on Thursday, January 25. The firm has “Overweight” rating given on Thursday, January 25 by Morgan Stanley. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Buy” rating by Robert W. Baird on Wednesday, January 24. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Neutral” rating given on Wednesday, April 18 by Goldman Sachs. Oppenheimer initiated TE Connectivity Ltd. (NYSE:TEL) on Monday, March 26 with “Buy” rating. The rating was maintained by SunTrust on Thursday, January 25 with “Hold”. The rating was initiated by Oppenheimer with “Buy” on Monday, April 2. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Buy” rating given on Tuesday, April 17 by Robert W. Baird. The rating was maintained by Stifel Nicolaus on Wednesday, January 24 with “Buy”.

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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