Te Connectivity Ltd. (TEL) Files Form 4 Insider Selling : Thomas J Lynch Sells 87,958 Shares

Te Connectivity Ltd. (TEL): Thomas J Lynch , Chairman & CEO of Te Connectivity Ltd. sold 87,958 shares on Apr 11, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $62.22 per share for a total value of $5,472,808.50.

Company has been under the radar of several Street Analysts.TE Connectivity Ltd is Downgraded by Sun Trust Rbsn Humphrey to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 29, 2016.TE Connectivity Ltd is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $65 .The Rating was issued on Mar 28, 2016.TE Connectivity Ltd is Downgraded by Berenberg to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 2, 2016.TE Connectivity Ltd is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 68 from a previous price target of $74 . The Rating was issued on Jan 21, 2016.TE Connectivity Ltd is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 65 from a previous price target of $70 . The Rating was issued on Jan 15, 2016.

Currently the company Insiders own 1.49% of TE Connectivity Ltd shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -9.08%.Institutional Investors own 90.99% of TE Connectivity Ltd shares.During last six month period, the net percent change held by insiders has seen a change of -7.22%.

TE Connectivity Ltd: On Monday, Apr 11, 2016 heightened volatility was witnessed in TE Connectivity Ltd which led to swings in the share price. The shares opened for trading at $61.77 and hit $62.56 on the upside , eventually ending the session at $61.95, with a gain of 0.85% or 0.52 points. The heightened volatility saw the trading volume jump to 17,09,833 shares. The 52-week high of the share price is $71.1 and the company has a market cap of $22,902 M . The 52-week low of the share price is at $51.7.

TE Connectivity Ltd Money Flow Index Chart

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions which offers various products including terminals and connector systems and components relays circuit protection devices sensors and application tooling among others; Industrial Solutions which include terminals and connector systems and components heat shrink tubing relays wire and cable and Communications Solutions which include terminals and connector systems and components circuit protection devices antennas relays and heat shrink tubing. It markets its products to manufacturers and distributors in a number of markets which include automotive industrial equipment and consumer devices.

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TE Connectivity Ltd - Is it time to Sell?

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