Barclays Has Lowered Expectations for TE Connectivity (NYSE:TEL) Stock Price

TE Connectivity (NYSE:TEL) had its price objective dropped by investment analysts at Barclays from $302.00 to $297.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the electronics maker’s stock. Barclays‘s target price would suggest a potential upside of 38.55% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Oppenheimer raised their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. UBS Group decreased their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday. Wells Fargo & Company raised their target price on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $256.57.

TE Connectivity Stock Down 1.5%

TEL opened at $214.36 on Thursday. TE Connectivity has a 12 month low of $142.45 and a 12 month high of $252.56. The business has a 50-day moving average of $218.03 and a two-hundred day moving average of $226.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.07. The stock has a market capitalization of $62.90 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period in the prior year, the firm posted $2.10 EPS. The company’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, research analysts expect that TE Connectivity will post 11.27 earnings per share for the current year.

TE Connectivity declared that its Board of Directors has authorized a share repurchase plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the transaction, the insider directly owned 32,541 shares of the company’s stock, valued at $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares in the company, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,345 shares of company stock valued at $9,627,260 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new position in TE Connectivity during the fourth quarter valued at approximately $25,000. Caitlin John LLC purchased a new stake in shares of TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TE Connectivity during the third quarter worth $29,000. SOA Wealth Advisors LLC. lifted its position in shares of TE Connectivity by 47.4% during the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 54 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth $40,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.