TE Connectivity Ltd. (NYSE:TEL) Receives Consensus Rating of “Hold” from Analysts

Shares of TE Connectivity Ltd. (NYSE:TELGet Rating) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $148.00.

Several equities analysts have recently commented on TEL shares. Cowen lowered their target price on shares of TE Connectivity from $160.00 to $125.00 and set a “market perform” rating on the stock in a report on Thursday, June 30th. Morgan Stanley lowered their target price on shares of TE Connectivity from $147.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, June 10th. Cowen decreased their price target on shares of TE Connectivity from $160.00 to $125.00 and set a “market perform” rating on the stock in a research note on Thursday, June 30th. The Goldman Sachs Group decreased their price target on shares of TE Connectivity from $169.00 to $160.00 in a research note on Wednesday, June 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $134.00 price target (down previously from $166.00) on shares of TE Connectivity in a research note on Thursday, July 14th.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, SVP Tim Murphy sold 4,000 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $131.13, for a total transaction of $524,520.00. Following the transaction, the senior vice president now owns 17,754 shares in the company, valued at $2,328,082.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John S. Jenkins sold 2,990 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $131.97, for a total value of $394,590.30. Following the transaction, the executive vice president now directly owns 18,406 shares in the company, valued at $2,429,039.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tim Murphy sold 4,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $131.13, for a total transaction of $524,520.00. Following the completion of the transaction, the senior vice president now owns 17,754 shares in the company, valued at $2,328,082.02. The disclosure for this sale can be found here. Insiders have sold 31,919 shares of company stock worth $4,203,806 over the last quarter. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. MAI Capital Management grew its holdings in shares of TE Connectivity by 1.0% in the fourth quarter. MAI Capital Management now owns 7,465 shares of the electronics maker’s stock worth $1,204,000 after purchasing an additional 71 shares during the last quarter. Aspire Private Capital LLC grew its holdings in TE Connectivity by 1.8% during the 2nd quarter. Aspire Private Capital LLC now owns 4,645 shares of the electronics maker’s stock worth $526,000 after acquiring an additional 80 shares in the last quarter. Trust Asset Management LLC grew its holdings in TE Connectivity by 2.6% during the 1st quarter. Trust Asset Management LLC now owns 3,295 shares of the electronics maker’s stock worth $432,000 after acquiring an additional 83 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in TE Connectivity by 4.0% during the 1st quarter. Thoroughbred Financial Services LLC now owns 2,277 shares of the electronics maker’s stock worth $298,000 after acquiring an additional 87 shares in the last quarter. Finally, Glenview Trust Co grew its holdings in TE Connectivity by 3.3% during the 2nd quarter. Glenview Trust Co now owns 2,728 shares of the electronics maker’s stock worth $309,000 after acquiring an additional 87 shares in the last quarter. 90.61% of the stock is currently owned by institutional investors.

TE Connectivity Stock Performance

TEL opened at $129.04 on Monday. The firm has a market cap of $41.27 billion, a P/E ratio of 16.85, a PEG ratio of 1.70 and a beta of 1.32. TE Connectivity has a 1-year low of $107.12 and a 1-year high of $166.44. The company has a 50 day simple moving average of $125.95 and a two-hundred day simple moving average of $126.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 0.90.

TE Connectivity (NYSE:TELGet Rating) last released its earnings results on Wednesday, July 27th. The electronics maker reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. TE Connectivity had a net margin of 15.97% and a return on equity of 21.98%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that TE Connectivity will post 7.3 earnings per share for the current fiscal year.

TE Connectivity declared that its board has authorized a share buyback plan on Friday, June 17th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the electronics maker to buy up to 4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

TE Connectivity Company Profile

(Get Rating)

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

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