As Te Connectivity LTD (TEL) Stock Price Declined, Paradigm Asset Management Co LLC Lowered by $450.30 Million Its Position

October 11, 2018 - By Hazel Jackson

TE Connectivity Ltd. (NYSE:TEL) LogoInvestors sentiment increased to 1.08 in Q2 2018. Its up 0.26, from 0.82 in 2018Q1. It is positive, as 44 investors sold TEL shares while 195 reduced holdings. 66 funds opened positions while 193 raised stakes. 300.20 million shares or 3.08% less from 309.75 million shares in 2018Q1 were reported. Voya Invest Management Lc holds 89,018 shares or 0.02% of its portfolio. John G Ullman And Incorporated owns 81,800 shares. State Street invested in 12.48M shares. Fulton Commercial Bank Na reported 8,324 shares. Legal General Group Inc Plc holds 0.11% or 1.60M shares. Massachusetts-based Boston Prtnrs has invested 1.32% in TE Connectivity Ltd. (NYSE:TEL). 2,661 were accumulated by Mirae Asset Investments Ltd. Etrade Cap Ltd Llc has invested 0.06% in TE Connectivity Ltd. (NYSE:TEL). Cohen Klingenstein Llc invested 0.39% in TE Connectivity Ltd. (NYSE:TEL). 70,967 were reported by Us Fincl Bank De. Ajo LP reported 0.28% stake. Magnetar Financial Ltd Limited Liability Company reported 16,825 shares or 0.03% of all its holdings. Logan Cap reported 7,620 shares. Waddell & Reed Inc holds 1.20M shares or 0.25% of its portfolio. Cornercap Counsel Incorporated holds 0.66% or 50,930 shares in its portfolio.

Since May 21, 2018, it had 0 buys, and 1 insider sale for $1.65 million activity.

Paradigm Asset Management Co Llc decreased its stake in Te Connectivity Ltd (TEL) by 24.94% based on its latest 2018Q2 regulatory filing with the SEC. Paradigm Asset Management Co Llc sold 5,000 shares as the company’s stock declined 6.60% while stock markets rallied. The institutional investor held 15,050 shares of the electronic components company at the end of 2018Q2, valued at $1.36B, down from 20,050 at the end of the previous reported quarter. Paradigm Asset Management Co Llc who had been investing in Te Connectivity Ltd for a number of months, seems to be less bullish one the $28.07 billion market cap company. The stock decreased 0.42% or $0.34 during the last trading session, reaching $80.54. About 348,503 shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 11.41% since October 11, 2017 and is uptrending. It has underperformed by 4.21% the S&P500.

Analysts await TE Connectivity Ltd. (NYSE:TEL) to report earnings on November, 7. They expect $1.33 EPS, up 6.40 % or $0.08 from last year’s $1.25 per share. TEL’s profit will be $463.45M for 15.14 P/E if the $1.33 EPS becomes a reality. After $1.43 actual EPS reported by TE Connectivity Ltd. for the previous quarter, Wall Street now forecasts -6.99 % negative EPS growth.

Another recent and important TE Connectivity Ltd. (NYSE:TEL) news was published by which published an article titled: “Oakmark Equity And Income Fund: Third Quarter 2018” on October 08, 2018.

TE Connectivity Ltd. (NYSE:TEL) Ratings Coverage

Among 4 analysts covering TE Connectivity (NYSE:TEL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. TE Connectivity had 8 analyst reports since April 17, 2018 according to SRatingsIntel. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Outperform” rating given on Tuesday, July 17 by Wells Fargo. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Overweight” rating by Morgan Stanley on Wednesday, October 3. The company was upgraded on Wednesday, April 18 by Goldman Sachs. The firm has “Overweight” rating given on Thursday, April 26 by Morgan Stanley. The stock has “Overweight” rating by Morgan Stanley on Thursday, July 26. Morgan Stanley maintained TE Connectivity Ltd. (NYSE:TEL) rating on Monday, September 17. Morgan Stanley has “Overweight” rating and $107 target. Robert W. Baird maintained TE Connectivity Ltd. (NYSE:TEL) on Tuesday, April 17 with “Buy” rating. The stock has “Neutral” rating by Robert W. Baird on Monday, October 1.

TE Connectivity Ltd. (NYSE:TEL) Ratings Chart

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