Is Buying 52-Week Stock Like TE Connectivity Ltd. (TEL) a Winning Strategy?

January 23, 2018 - By Nellie Frank

Investors sentiment increased to 1 in Q3 2017. Its up 0.03, from 0.97 in 2017Q2. It improved, as 26 investors sold TE Connectivity Ltd. shares while 200 reduced holdings. 61 funds opened positions while 164 raised stakes. 311.89 million shares or 0.86% more from 309.23 million shares in 2017Q2 were reported.
Huntington National Bank & Trust invested in 1,606 shares. Teacher Retirement Systems Of Texas holds 0.1% of its portfolio in TE Connectivity Ltd. (NYSE:TEL) for 194,459 shares. Twin Tree Mngmt Limited Partnership has 6,936 shares for 0% of their portfolio. 13,764 are owned by Sol Cap Mngmt. Iat Reinsurance Communication reported 12,500 shares stake. 4,473 are held by Intrust Financial Bank Na. First Bancshares And Trust Company Of Newtown invested in 0.25% or 10,870 shares. Mark Sheptoff Planning Ltd Llc reported 100 shares stake. Mitsubishi Ufj Trust And Banking owns 750,699 shares. Daiwa Secs Gru Inc owns 69,617 shares or 0.04% of their US portfolio. Schroder Invest Management invested in 0% or 3,259 shares. First Eagle Investment Mgmt invested in 0.1% or 559,638 shares. Morgan Stanley has invested 0.03% of its portfolio in TE Connectivity Ltd. (NYSE:TEL). Dimensional Fund Advisors L P reported 0.09% in TE Connectivity Ltd. (NYSE:TEL). Amica Pension Fund Board Of Trustees reported 0.16% in TE Connectivity Ltd. (NYSE:TEL).

Since August 1, 2017, it had 0 insider buys, and 7 insider sales for $55.78 million activity. LYNCH THOMAS J sold $10.89 million worth of stock or 130,616 shares. On Thursday, August 3 the insider Donahue Joseph B sold $4.21 million. 6,000 shares valued at $481,357 were sold by CALASTRI MARIO on Wednesday, August 2.

The stock of TE Connectivity Ltd. (NYSE:TEL) hit a new 52-week high and has $104.13 target or 3.00 % above today’s $101.10 share price. The 9 months bullish chart indicates low risk for the $35.55B company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $104.13 price target is reached, the company will be worth $1.07B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.16% or $0.16 during the last trading session, reaching $101.1. About 1.00M shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 29.30% since January 23, 2017 and is uptrending. It has outperformed by 12.60% the S&P500.

Analysts await TE Connectivity Ltd. (NYSE:TEL) to report earnings on January, 24. They expect $1.25 earnings per share, up 8.70 % or $0.10 from last year’s $1.15 per share. TEL’s profit will be $439.54 million for 20.22 P/E if the $1.25 EPS becomes a reality. After $1.25 actual earnings per share reported by TE Connectivity Ltd. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

TE Connectivity Ltd. (NYSE:TEL) Ratings Coverage

Among 12 analysts covering TE Connectivity (NYSE:TEL), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. TE Connectivity had 37 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 15. The firm earned “Outperform” rating on Tuesday, June 27 by RBC Capital Markets. Longbow upgraded the shares of TEL in report on Thursday, January 12 to “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, December 14 with “Buy”. Wells Fargo initiated TE Connectivity Ltd. (NYSE:TEL) rating on Friday, November 10. Wells Fargo has “Outperform” rating and $105 target. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Buy” rating given on Thursday, November 2 by Citigroup. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 25. The rating was maintained by Stifel Nicolaus on Thursday, January 21 with “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, January 18. SunTrust maintained it with “Hold” rating and $83.0 target in Wednesday, October 11 report.

More notable recent TE Connectivity Ltd. (NYSE:TEL) news were published by: Zacks.com which released: “What’s in Store for TE Connectivity (TEL) in Q1 Earnings?” on January 22, 2018, also Prnewswire.com with their article: “TE Connectivity to Hold Annual General Meeting of Shareholders on March 14, 2018” published on January 08, 2018, Prnewswire.com published: “TE Connectivity recognized as one of FORTUNE’s ‘World’s Most Admired Companies'” on January 19, 2018. More interesting news about TE Connectivity Ltd. (NYSE:TEL) were released by: Reuters.com and their article: “TE Connectivity Ltd expected to post earnings of $1.25 a share – summary” published on January 22, 2018 as well as Prnewswire.com‘s news article titled: “TE Connectivity’s new, sustainable LITESURF plating offers ultra-low risk of …” with publication date: January 09, 2018.

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 $35.55 billion. The firm operates through three divisions: Transportation Solutions, Industrial Solutions, and Communications Solutions. It has a 21.52 P/E ratio. The Transportation Solutions segment primarily provides terminals and connector systems and components, sensors, and relays, as well as application tooling and wires, and heat shrink tubing for use in the automotive, commercial transportation, and sensor markets.

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