What Did This CEO Just Do with Personal Shares of TE Connectivity (NYSE: TEL)?

By Carrie Williams

Today, the Chairman & CEO of TE Connectivity (NYSE: TEL), Thomas J. Lynch, sold shares of TEL for $6.57M.

In addition to Thomas J. Lynch, 33 other TEL executives reported Sell trades in the last month. Over the last month, Thomas J. Lynch has reported another 4 Sell trades on TEL for a total of $8.62M.

Based on TE Connectivity’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.33 billion and quarterly net profit of $429 million. In comparison, last year the company earned revenue of $2.98 billion and had a net profit of $1.04 billion. The company has a one year high of $68.14 and a one year low of $51.70. TEL’s market cap is $24.16B and the company has a P/E ratio of 12.58.

In the last 30 days, insiders have sold $11.29M worth of TEL shares and purchased $2.02M worth of TEL shares. The insider sentiment on TE Connectivity has been negative according to 84 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation Solutions, Industrial Solutions, and Network Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets. The Industrial Solutions segment provides products that connect and distribute power, data, and signal. The Network Solutions segment supplies electronic components for the data and devices and appliances markets. The company was founded in 2000 and is headquartered in Schaffhausen, Switzerland.