TE Connectivity (NYSE:TEL) Rating Increased to Strong-Buy at Wall Street Zen

TE Connectivity (NYSE:TEL) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

TEL has been the subject of several other reports. Wells Fargo & Company increased their price target on TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. UBS Group increased their price target on TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America increased their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Finally, Evercore ISI increased their price objective on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.25.

TE Connectivity Stock Up 1.5%

Shares of TE Connectivity stock opened at $247.14 on Friday. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $247.92. The business has a 50-day moving average of $218.96 and a two-hundred day moving average of $187.54. The company has a market capitalization of $73.03 billion, a P/E ratio of 40.19, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, equities analysts predict that TE Connectivity will post 8.05 EPS for the current year.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TE Connectivity

A number of hedge funds have recently made changes to their positions in TEL. Princeton Global Asset Management LLC acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $26,000. Costello Asset Management INC acquired a new stake in shares of TE Connectivity in the first quarter valued at approximately $28,000. Neo Ivy Capital Management acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $30,000. Salomon & Ludwin LLC lifted its holdings in TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in TE Connectivity during the 2nd quarter worth approximately $31,000. 91.43% of the stock is 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.