Wall Street Zen Downgrades TE Connectivity (NYSE:TEL) to Buy

TE Connectivity (NYSE:TEL) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

TEL has been the topic of several other research reports. Evercore ISI boosted their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wells Fargo & Company boosted their price target on shares of TE Connectivity from $170.00 to $198.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Robert W. Baird boosted their price target on shares of TE Connectivity from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Truist Financial upped their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.55.

TE Connectivity Trading Down 0.8%

Shares of TEL opened at $206.33 on Friday. TE Connectivity has a 52-week low of $116.30 and a 52-week high of $212.76. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average is $190.65 and its two-hundred day moving average is $163.73. The stock has a market cap of $60.96 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts forecast that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the sale, the insider directly owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,795 shares of company stock valued at $26,401,597 over the last three months. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of TE Connectivity

A number of large investors have recently made changes to their positions in the company. Security National Bank of SO Dak increased its stake in shares of TE Connectivity by 0.5% during the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after buying an additional 50 shares during the period. Fidelis Capital Partners LLC boosted its holdings in TE Connectivity by 1.6% in the second quarter. Fidelis Capital Partners LLC now owns 3,349 shares of the electronics maker’s stock valued at $565,000 after purchasing an additional 52 shares in the last quarter. Rossby Financial LCC boosted its holdings in TE Connectivity by 6.0% in the second quarter. Rossby Financial LCC now owns 1,000 shares of the electronics maker’s stock valued at $169,000 after purchasing an additional 57 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in TE Connectivity by 2.8% in the second quarter. Premier Path Wealth Partners LLC now owns 2,061 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 57 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in TE Connectivity by 3.0% in the second quarter. Personal CFO Solutions LLC now owns 2,117 shares of the electronics maker’s stock valued at $357,000 after purchasing an additional 61 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

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.