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

StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a report published on Wednesday. The brokerage issued a buy rating on the electronics maker’s stock.

Several other analysts have also issued reports on TEL. Truist Financial raised their price target on shares of TE Connectivity from $151.00 to $156.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Hsbc Global Res upgraded TE Connectivity to a “hold” rating in a research note on Wednesday, July 24th. Vertical Research assumed coverage on TE Connectivity in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 price objective for the company. Robert W. Baird boosted their price objective on TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $161.82.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $145.47 on Wednesday. The company has a market cap of $44.21 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.89 and a beta of 1.33. The business has a 50 day moving average price of $148.07 and a 200 day moving average price of $148.23. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. TE Connectivity has a twelve month low of $115.00 and a twelve month high of $159.98.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the business earned $1.77 earnings per share. TE Connectivity’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that TE Connectivity will post 7.56 earnings per share for the current year.

Insider Activity

In related news, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the sale, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Heath A. Mitts sold 59,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the sale, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of TE Connectivity

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. increased its position in TE Connectivity by 5,265.0% in the 1st quarter. Sunbelt Securities Inc. now owns 1,073 shares of the electronics maker’s stock valued at $156,000 after acquiring an additional 1,053 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of TE Connectivity by 6.4% in the first quarter. Brookstone Capital Management now owns 2,199 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 132 shares in the last quarter. Janiczek Wealth Management LLC raised its position in TE Connectivity by 17.6% in the 1st quarter. Janiczek Wealth Management LLC now owns 2,004 shares of the electronics maker’s stock worth $291,000 after purchasing an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in TE Connectivity by 19.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,053 shares of the electronics maker’s stock worth $3,784,000 after buying an additional 4,272 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of TE Connectivity in the 1st quarter valued at $277,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

About TE Connectivity

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.