Voya Investment Management LLC Has $7.39 Million Holdings in TE Connectivity Ltd. (TEL)

Voya Investment Management LLC grew its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,871 shares of the electronics maker’s stock after acquiring an additional 2,238 shares during the quarter. Voya Investment Management LLC’s holdings in TE Connectivity were worth $7,386,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in TE Connectivity by 2.3% in the second quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock worth $1,834,196,000 after acquiring an additional 521,884 shares in the last quarter. BlackRock Inc. boosted its holdings in TE Connectivity by 1,777.1% in the first quarter. BlackRock Inc. now owns 17,203,935 shares of the electronics maker’s stock worth $1,282,551,000 after acquiring an additional 16,287,414 shares in the last quarter. State Street Corp boosted its holdings in TE Connectivity by 3.6% in the first quarter. State Street Corp now owns 13,850,157 shares of the electronics maker’s stock worth $1,032,534,000 after acquiring an additional 486,340 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in TE Connectivity by 3.6% in the first quarter. Fiduciary Management Inc. WI now owns 9,616,782 shares of the electronics maker’s stock worth $716,931,000 after acquiring an additional 331,080 shares in the last quarter. Finally, FMR LLC boosted its holdings in TE Connectivity by 9.7% in the second quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s stock worth $420,131,000 after acquiring an additional 472,037 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Ltd. (NYSE:TEL) opened at 86.23 on Tuesday. The company has a market capitalization of $30.47 billion, a P/E ratio of 18.31 and a beta of 1.08. TE Connectivity Ltd. has a one year low of $60.59 and a one year high of $86.60. The stock’s 50 day moving average price is $81.34 and its 200-day moving average price is $78.60.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.07. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts forecast that TE Connectivity Ltd. will post $4.75 EPS for the current year.

Several research firms have commented on TEL. BidaskClub downgraded TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $89.00 price target on shares of TE Connectivity in a report on Wednesday, September 20th. Cowen and Company reaffirmed a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Monday, September 18th. Finally, Royal Bank Of Canada upped their price target on TE Connectivity from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $84.14.

In related news, COO Joseph B. Donahue sold 52,575 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $80.03, for a total transaction of $4,207,577.25. Following the transaction, the chief operating officer now directly owns 93,484 shares in the company, valued at approximately $7,481,524.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas J. Lynch sold 186,033 shares of TE Connectivity 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 sale, 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. Over the last 90 days, insiders have sold 693,747 shares of company stock worth $55,780,069. 1.49% of the stock is owned by company insiders.

WARNING: “Voya Investment Management LLC Has $7.39 Million Holdings in TE Connectivity Ltd. (TEL)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in TE Connectivity by 2.3% in the second quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock worth $1,834,196,000 after acquiring an additional 521,884 shares in the last quarter. BlackRock Inc. boosted its holdings in TE Connectivity by 1,777.1% in the first quarter. BlackRock Inc. now owns 17,203,935 shares of the electronics maker’s stock worth $1,282,551,000 after acquiring an additional 16,287,414 shares in the last quarter. State Street Corp boosted its holdings in TE Connectivity by 3.6% in the first quarter. State Street Corp now owns 13,850,157 shares of the electronics maker’s stock worth $1,032,534,000 after acquiring an additional 486,340 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in TE Connectivity by 3.6% in the first quarter. Fiduciary Management Inc. WI now owns 9,616,782 shares of the electronics maker’s stock worth $716,931,000 after acquiring an additional 331,080 shares in the last quarter. Finally, FMR LLC boosted its holdings in TE Connectivity by 9.7% in the second quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s stock worth $420,131,000 after acquiring an additional 472,037 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Ltd. (NYSE:TEL) opened at 86.23 on Tuesday. The company has a market capitalization of $30.47 billion, a P/E ratio of 18.31 and a beta of 1.08. TE Connectivity Ltd. has a one year low of $60.59 and a one year high of $86.60. The stock’s 50 day moving average price is $81.34 and its 200-day moving average price is $78.60.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.07. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts forecast that TE Connectivity Ltd. will post $4.75 EPS for the current year.

Several research firms have commented on TEL. BidaskClub downgraded TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $89.00 price target on shares of TE Connectivity in a report on Wednesday, September 20th. Cowen and Company reaffirmed a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Monday, September 18th. Finally, Royal Bank Of Canada upped their price target on TE Connectivity from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $84.14.

In related news, COO Joseph B. Donahue sold 52,575 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $80.03, for a total transaction of $4,207,577.25. Following the transaction, the chief operating officer now directly owns 93,484 shares in the company, valued at approximately $7,481,524.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas J. Lynch sold 186,033 shares of TE Connectivity 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 sale, 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. Over the last 90 days, insiders have sold 693,747 shares of company stock worth $55,780,069. 1.49% of the stock is owned by company insiders.

WARNING: “Voya Investment Management LLC Has $7.39 Million Holdings in TE Connectivity Ltd. (TEL)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/10/voya-investment-management-llc-has-7-39-million-holdings-in-te-connectivity-ltd-tel.html.

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.

Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL).

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

Receive News & Ratings for TE Connectivity Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply