TE Connectivity (NYSE:TEL) Stock Rating Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded TE Connectivity to “hold” from “buy,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $252.36.
• TE Connectivity reported stronger-than-expected quarterly results, with EPS of $2.94 versus the $2.85 estimate and revenue of $5.16 billion, up 13.8% year over year.
• The stock opened at $218.35, while institutional investors own approximately 91.43% of the company; shares currently trade at a P/E ratio of 21.41.

TE Connectivity (NYSE:TEL - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of TE Connectivity in a report on Wednesday, September 23rd. They issued an "outperform" rating and a $243.00 price objective on the stock. Barclays increased their target price on TE Connectivity from $297.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, June 15th. Evercore restated an "in-line" rating and issued a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company lifted their price target on TE Connectivity from $209.00 to $220.00 and gave the stock a "cautious" rating in a report on Friday, September 11th. Finally, The Goldman Sachs Group upped their price objective on TE Connectivity from $284.00 to $288.00 and gave the stock a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $252.36.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $218.35 on Friday. The business has a 50-day simple moving average of $210.35 and a 200-day simple moving average of $210.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. TE Connectivity has a one year low of $190.27 and a one year high of $252.56. The company has a market cap of $63.21 billion, a PE ratio of 21.41, a P/E/G ratio of 1.26 and a beta of 1.14.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm had revenue of $5.16 billion for the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities research analysts forecast that TE Connectivity will post 11.48 EPS for the current fiscal year.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in TE Connectivity by 11.1% in the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker's stock valued at $52,506,000 after purchasing an additional 23,074 shares during the last quarter. Benjamin Edwards Inc. grew its position in TE Connectivity by 324.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker's stock worth $12,574,000 after purchasing an additional 47,691 shares during the last quarter. Man Group plc grew its position in TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker's stock worth $284,941,000 after purchasing an additional 904,468 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in TE Connectivity by 34.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 773,242 shares of the electronics maker's stock valued at $175,920,000 after purchasing an additional 197,369 shares during the period. Finally, Seascape Capital Management purchased a new stake in shares of TE Connectivity in the first quarter valued at about $2,256,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

About TE Connectivity

TE Connectivity Ltd. NYSE: TEL is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.

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