Te Connectivity Ltd (NYSE:TEL).
Raymond James & Associates reports that it increased its ownership in Te Connectivity Ltd stock by 4.9% in the last quarter. Its stake was valued at $120,585,000 an increase of $11,656,000 as of quarter end.
These firms have modified their investment in TEL. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 2,364 shares growing its holdings by 9.0%. The value of the investment in (TEL) went from $2,075,000 to $2,387,000 a change of $312,000 for the reporting period. Omers Administration Corp augmented its stake by buying 20,500 shares an increase of 72.7% as of 09/30/2017. Omers Administration Corp currently owns 48,700 shares worth $4,045,000. The value of the position overall is up by 82.3%.
Tredje Ap-fonden bolstered its holdings by buying 32,740 shares an increase of 37.5% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden controls 120,007 shares valued at $9,968,000. The total value of its holdings increased 45.2%.
On November 10, 2017 Wells Fargo & Company released research on TEL by announcing an initial rating of “Outperform”. On November 3 analysts at Robert W. Baird updated its forecast on TEL with an initial rating of “Outperform”.
November 3 investment analysts at Stifel Nicolaus left the stock rating at “Buy” with a current price target of $98.00. Royal Bank Of Canada lowered the price target on November 2 changing the price objective from $100.00 to $95.00 with a “Outperform” recommendation.
Equity analyst SunTrust Banks raised the price target of the stock on November 2 changing the forecast from $0.00 to $90.00 and stated a “Hold” rating. Morgan Stanley raised the price target on November 2 boosting the projection from $89.00 to $97.00 and issued a “Overweight” recommendation.
The company is now down since yesterday’s close of 93.82. Te Connectivity Ltd’s P/E ratio is 19.83 and the market cap is 32.74B. As of the latest earnings report the EPS was $4.67 with 351.71M shares presently outstanding.
Traders are feeling more bearish lately if you take into consideration the motion in short interest. The firm experienced a rise in short interest of 47.88% as of October 13, 2017 from the last reporting period. Short interest increased from 2,219,003 to 3,281,376 over that period. The days to cover increased to 3.0 and the percentage of shorted shares was 0.01% on October 13.