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

Equities researchers at StockNews.com initiated coverage on shares of TE Connectivity (NYSE:TEL) in a report issued on Sunday. The brokerage set a “buy” rating on the electronics maker’s stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their target price on TE Connectivity from $169.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group started coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Truist Financial lifted their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Robert W. Baird increased their price target on TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.30.

TE Connectivity Trading Down 2.5 %

Shares of TEL stock opened at $142.98 on Friday. The company has a market capitalization of $44.44 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.09 and a beta of 1.39. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $142.73 and a 200 day moving average price of $134.96. TE Connectivity has a twelve month low of $115.00 and a twelve month high of $147.98.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.13. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the firm posted $1.53 EPS. TE Connectivity’s revenue was down .3% on a year-over-year basis. Research analysts forecast that TE Connectivity will post 7.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven T. Merkt sold 99,777 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the transaction, the insider now owns 30,459 shares of the company’s stock, valued at $4,386,096. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEL. Cibc World Market Inc. lifted its position in TE Connectivity by 63.8% during the 1st quarter. Cibc World Market Inc. now owns 11,366 shares of the electronics maker’s stock worth $1,489,000 after acquiring an additional 4,427 shares during the last quarter. Cetera Investment Advisers boosted its stake in TE Connectivity by 16.2% during the 1st quarter. Cetera Investment Advisers now owns 25,817 shares of the electronics maker’s stock valued at $3,382,000 after purchasing an additional 3,598 shares during the period. Dakota Wealth Management grew its holdings in TE Connectivity by 23.0% in the 1st quarter. Dakota Wealth Management now owns 4,259 shares of the electronics maker’s stock valued at $558,000 after buying an additional 797 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in TE Connectivity by 108.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,336 shares of the electronics maker’s stock worth $437,000 after buying an additional 1,739 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of TE Connectivity by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,621,186 shares of the electronics maker’s stock worth $3,617,824,000 after buying an additional 308,580 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Company Profile

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.