Will TE Connectivity Ltd (TEL) Short Squeeze Soon? The Stock Formed a Bullish Wedge Up

June 19, 2017 - By Marguerite Chambers

Investors sentiment increased to 1.04 in Q4 2016. Its up 0.02, from 1.02 in 2016Q3. It is positive, as 27 investors sold TE Connectivity Ltd shares while 193 reduced holdings. 76 funds opened positions while 153 raised stakes. 320.59 million shares or 7.67% more from 297.75 million shares in 2016Q3 were reported.
North Carolina-based Bb&T has invested 0.39% in TE Connectivity Ltd (NYSE:TEL). British Columbia Mgmt Corporation holds 0.23% of its portfolio in TE Connectivity Ltd (NYSE:TEL) for 386,656 shares. Missouri-based Century Cos Inc has invested 0.28% in TE Connectivity Ltd (NYSE:TEL). U S Investors Inc reported 7,500 shares. Guyasuta Inv holds 0.11% or 12,166 shares in its portfolio. Pennsylvania-based Logan Cap Management Inc has invested 0.05% in TE Connectivity Ltd (NYSE:TEL). Whittier owns 0.01% invested in TE Connectivity Ltd (NYSE:TEL) for 4,866 shares. Berkshire Asset Mngmt Lc Pa invested in 0.94% or 105,339 shares. Gsa Cap Ptnrs Ltd Liability Partnership invested in 7,005 shares. Grand Jean Capital Mgmt holds 3.29% in TE Connectivity Ltd (NYSE:TEL) or 124,659 shares. First Manhattan Communication accumulated 0% or 3,318 shares. Concannon Wealth Limited has invested 0.02% in TE Connectivity Ltd (NYSE:TEL). Louisiana State Employees Retirement Systems holds 22,300 shares or 0.08% of its portfolio. Longview Prtn (Guernsey) Ltd stated it has 4.66% of its portfolio in TE Connectivity Ltd (NYSE:TEL). First Interstate National Bank & Trust stated it has 205 shares or 0% of all its holdings.

Since January 3, 2017, it had 0 insider purchases, and 17 selling transactions for $84.48 million activity. On Wednesday, February 1 the insider LYNCH THOMAS J sold $9.17 million. Donahue Joseph B had sold 6,600 shares worth $498,778 on Thursday, May 4. Shares for $2.48 million were sold by Ott Robert J on Wednesday, May 31. Shares for $1.06 million were sold by Jenkins John S on Friday, May 12. Another trade for 17,600 shares valued at $1.31M was made by CALASTRI MARIO on Friday, February 3. $2.66 million worth of TE Connectivity Ltd (NYSE:TEL) was sold by RESCH ERIC. O’Toole James had sold 32,688 shares worth $2.40M.

The stock of TE Connectivity Ltd (TEL) formed an up wedge with $85.00 target or 7.00 % above today’s $79.44 share price. The 9 months wedge indicates low risk for the $28.16 billion company. If the $85.00 price target is reached, the company will be worth $1.97B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 452,118 shares traded. TE Connectivity Ltd (NYSE:TEL) has risen 29.30% since June 19, 2016 and is uptrending. It has outperformed by 12.60% the S&P500.

Investors wait TE Connectivity Ltd (NYSE:TEL) to report on July, 19. its quarterly earnings Wall Street analysts expect $1.16 EPS, up $0.08 or 7.41 % from last year’s $1.08 same quarter earnings. This translates into $411.09M profit for TEL giving the stock a 17.13 P/E. This is assuming the current $1.16 EPS is accurate. TE Connectivity Ltd’s Wall Street analysts see -2.52 % negative EPS growth, taking into account the $1.19 EPS reproted in the previous quarter,

TE Connectivity Ltd (NYSE:TEL) Ratings Coverage

Among 7 analysts covering TE Connectivity (NYSE:TEL), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. TE Connectivity had 18 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $68 target in Thursday, January 21 report. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 23. The rating was upgraded by Longbow to “Buy” on Thursday, January 12. On Friday, July 1 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Neutral” rating on Tuesday, March 29 by SunTrust. The stock of TE Connectivity Ltd (NYSE:TEL) has “Sell” rating given on Wednesday, January 4 by Goldman Sachs. RBC Capital Markets maintained TE Connectivity Ltd (NYSE:TEL) on Friday, January 15 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Thursday, November 3 with “Outperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 29 report. As per Wednesday, March 2, the company rating was downgraded by Berenberg.

More important recent TE Connectivity Ltd (NYSE:TEL) news were published by: Zacks.com which released: “TE Connectivity Rolls Out Latest Offering in BLS Portfolio” on June 08, 2017, also Philly.com published article titled: “How a small-town guy from Reading learned to lead a global company”, Philly.com published: “TE Connectivity’s CEO on robots, Trump, and Twizzlers” on June 08, 2017. More interesting news about TE Connectivity Ltd (NYSE:TEL) was released by: Nasdaq.com and their article: “TE Connectivity Ltd. (TEL) Ex-Dividend Date Scheduled for May 24, 2017” with publication date: May 23, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.