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

Key Points

• Wall Street Zen upgraded TE Connectivity to “Buy” from “Hold.” Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $252.
• TE Connectivity reported quarterly EPS of $2.94, beating estimates of $2.85, while revenue reached $5.16 billion—up 13.8% year over year and above expectations.
• Institutional investors own 91.43% of the company’s shares, with major firms including Wellington Management, Arrowstreet Capital and Man Group increasing their positions.

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

Several other research firms have also issued reports on TEL. Wells Fargo & Company raised their price target on TE Connectivity from $209.00 to $220.00 and gave the stock a "cautious" rating in a research report on Friday, September 11th. Zacks Research downgraded TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Robert W. Baird dropped their price objective on TE Connectivity from $240.00 to $225.00 and set an "outperform" rating for the company in a research note on Thursday, July 23rd. Evercore restated an "in-line" rating and issued a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Finally, UBS Group reaffirmed a "buy" rating and issued a $241.00 target price on shares of TE Connectivity in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $252.00.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $205.68 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The stock has a market cap of $59.55 billion, a PE ratio of 20.16, a PEG ratio of 1.38 and a beta of 1.16. The company's fifty day moving average is $206.89 and its 200 day moving average is $208.73. TE Connectivity has a 52 week low of $190.27 and a 52 week high of $252.56.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts anticipate that TE Connectivity will post 11.48 earnings per share for the current year.

Institutional Trading of TE Connectivity

Large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in TE Connectivity in the fourth quarter worth $938,706,000. Wellington Management Group LLP increased its holdings in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker's stock valued at $1,554,259,000 after acquiring an additional 2,507,569 shares in the last quarter. J. Stern & Co. LLP purchased a new position in shares of TE Connectivity in the 4th quarter worth about $445,402,000. Arrowstreet Capital Limited Partnership boosted its stake in TE Connectivity by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker's stock worth $706,457,000 after purchasing an additional 1,721,235 shares in the last quarter. Finally, Man Group plc boosted its stake in TE Connectivity by 259.9% in 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 in the last quarter. 91.43% of the stock is owned by institutional investors.

About TE Connectivity

TE Connectivity Ltd. NYSE: TEL designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.

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