TE Connectivity Ltd. (TEL) Position Increased by Calamos Advisors LLC

Calamos Advisors LLC increased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,326 shares of the electronics maker’s stock after buying an additional 2,169 shares during the period. Calamos Advisors LLC’s holdings in TE Connectivity were worth $4,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. boosted its holdings in shares of TE Connectivity by 17.8% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after buying an additional 200 shares during the period. First Command Bank boosted its holdings in shares of TE Connectivity by 19.6% during the 2nd quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock worth $106,000 after buying an additional 221 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TE Connectivity by 38.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock worth $109,000 after buying an additional 384 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of TE Connectivity during the 2nd quarter worth $126,000. Finally, Harfst & Associates Inc. boosted its holdings in shares of TE Connectivity by 46.2% during the 2nd quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock worth $135,000 after buying an additional 544 shares during the period. 90.33% of the stock is owned by institutional investors and hedge funds.

In other TE Connectivity news, COO Joseph B. Donahue sold 6,300 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.70, for a total transaction of $508,410.00. Following the completion of the transaction, the chief operating officer now owns 34,609 shares of the company’s stock, valued at $2,792,946.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas J. Lynch sold 186,033 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $79.29, for a total value of $14,750,556.57. Following the transaction, the insider now directly owns 298,851 shares of the company’s stock, valued at approximately $23,695,895.79. The disclosure for this sale can be found here. Insiders have sold 375,524 shares of company stock valued at $30,356,000 in the last ninety days. 1.49% of the stock is currently owned by company insiders.

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A number of analysts have weighed in on the stock. BidaskClub downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Morgan Stanley reissued an “overweight” rating and issued a $89.00 price target on shares of TE Connectivity in a report on Wednesday, September 20th. Cowen and Company reissued a “buy” rating and issued a $95.00 price target on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price target (up from $90.00) on shares of TE Connectivity in a report on Monday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $86.14.

Shares of TE Connectivity Ltd. (NYSE:TEL) opened at 90.97 on Wednesday. The company’s 50 day moving average is $85.43 and its 200-day moving average is $80.24. The firm has a market cap of $32.15 billion, a PE ratio of 19.31 and a beta of 1.08. TE Connectivity Ltd. has a 12 month low of $62.05 and a 12 month high of $91.17.

About TE Connectivity

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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

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