TE Connectivity (NYSE:TEL) Research Coverage Started at StockNews.com

Jun 9, 2024
te-connectivity-(nyse:tel)-research-coverage-started-at-stocknews.com

Posted by on Jun 9th, 2024

TE Connectivity logoEquities researchers at StockNews.com began coverage on shares of TE Connectivity (NYSE:TELGet Free Report) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the electronics maker’s stock.

TEL has been the topic of a number of other research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Jefferies Financial Group initiated coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, Robert W. Baird lowered their target price on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.89.

View Our Latest Stock Analysis on TE Connectivity

TE Connectivity Price Performance

Shares of TEL opened at $149.17 on Friday. TE Connectivity has a 12-month low of $115.00 and a 12-month high of $152.79. The business has a 50-day simple moving average of $145.83 and a two-hundred day simple moving average of $141.29. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a market cap of $45.68 billion, a PE ratio of 13.65, a PEG ratio of 2.20 and a beta of 1.35.

TE Connectivity (NYSE:TELGet Free Report) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts anticipate that TE Connectivity will post 7.5 earnings per share for the current fiscal year.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TEL. International Assets Investment Management LLC purchased a new position in TE Connectivity in the fourth quarter worth $10,759,000. Nordea Investment Management AB boosted its position in TE Connectivity by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock worth $114,430,000 after purchasing an additional 41,198 shares during the last quarter. SG Americas Securities LLC boosted its position in TE Connectivity by 518.3% in the fourth quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock worth $21,876,000 after purchasing an additional 130,515 shares during the last quarter. Patten Group Inc. purchased a new position in TE Connectivity in the fourth quarter worth $220,000. Finally, Tower Research Capital LLC TRC boosted its position in TE Connectivity by 184.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock worth $6,163,000 after purchasing an additional 28,449 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

About TE Connectivity

(Get Free Report)

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

Featured Stories

Analyst Recommendations for TE Connectivity (NYSE:TEL)

Receive News & Ratings for TE Connectivity Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for TE Connectivity and related companies with MarketBeat.com’s FREE daily email newsletter.

You might be interested in:


Leave a comment