TE Connectivity (NYSE:TEL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded TE Connectivity from “hold” to “buy.” Overall analyst sentiment is “Moderate Buy,” with 11 buy, four hold, and one sell rating, and a consensus price target of $258.07.
• TE Connectivity recently exceeded quarterly expectations, reporting $2.94 in EPS versus $2.85 expected and $5.16 billion in revenue versus $5.01 billion forecast; revenue rose 13.8% year over year.
• Institutional ownership remains high at 91.43%, with major investors including Wellington Management, HSBC, State Street, Alyeska Investment Group, and Amundi increasing their stakes.

TE Connectivity (NYSE:TEL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Sunday, Wall Street Zen reports.

TEL has been the topic of a number of other reports. HSBC cut their target price on TE Connectivity from $234.00 to $216.00 and set a "hold" rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. dropped their price target on shares of TE Connectivity from $260.00 to $235.00 and set a "neutral" rating on the stock in a research note on Thursday, July 16th. Truist Financial reduced their price objective on shares of TE Connectivity from $240.00 to $215.00 and set a "hold" rating for the company in a research note on Thursday, July 23rd. Citigroup decreased their target price on shares of TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a report on Monday, July 13th. Finally, Robert W. Baird lifted their target price on shares of TE Connectivity from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, October 6th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.07.

TE Connectivity Trading Down 0.4%

NYSE:TEL opened at $212.19 on Friday. TE Connectivity has a one year low of $190.27 and a one year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The company's 50-day simple moving average is $210.28 and its 200 day simple moving average is $210.32. The firm has a market capitalization of $61.43 billion, a P/E ratio of 20.80, a PEG ratio of 1.25 and a beta of 1.14.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, analysts forecast that TE Connectivity will post 11.49 EPS for the current fiscal year.

Institutional Investors Weigh In On TE Connectivity

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of TE Connectivity by 48.2% in the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker's stock worth $1,554,259,000 after buying an additional 2,507,569 shares during the period. Hsbc Holdings PLC grew its stake in shares of TE Connectivity by 385.0% during the 1st quarter. Hsbc Holdings PLC now owns 1,115,692 shares of the electronics maker's stock valued at $232,677,000 after acquiring an additional 885,658 shares during the period. State Street Corp grew its stake in shares of TE Connectivity by 5.7% during the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker's stock valued at $2,750,079,000 after acquiring an additional 730,084 shares during the period. Alyeska Investment Group L.P. increased its holdings in TE Connectivity by 415.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 849,218 shares of the electronics maker's stock worth $171,211,000 after acquiring an additional 684,463 shares in the last quarter. Finally, Amundi increased its holdings in TE Connectivity by 37.2% in the 1st quarter. Amundi now owns 2,256,878 shares of the electronics maker's stock worth $471,733,000 after acquiring an additional 612,180 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Company Profile

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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