StockNews.com began coverage on shares of TE Connectivity (NYSE:TEL - Get Free Report) in a note issued to investors on Tuesday. The firm set a "buy" rating on the electronics maker's stock.
Other analysts also recently issued research reports about the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TE Connectivity in a research report on Monday, April 1st. Citigroup began coverage on shares of TE Connectivity in a research report on Friday, January 5th. They issued a "neutral" rating and a $146.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of TE Connectivity from $170.00 to $169.00 and set a "neutral" rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group began coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They issued a "buy" rating and a $180.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on shares of TE Connectivity from $140.00 to $145.00 and gave the company a "hold" rating in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.50.
Check Out Our Latest Analysis on TE Connectivity
TE Connectivity Trading Down 0.9 %
TEL traded down $1.35 on Tuesday, reaching $141.47. 2,083,911 shares of the company's stock were exchanged, compared to its average volume of 2,211,779. The company's 50 day moving average is $142.58 and its 200-day moving average is $136.60. The company has a market cap of $43.97 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.06 and a beta of 1.39. TE Connectivity has a twelve month low of $115.00 and a twelve month high of $147.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.03. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company's revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Equities analysts predict that TE Connectivity will post 7.55 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Mark Trudeau sold 7,044 shares of the firm's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On TE Connectivity
Several large investors have recently added to or reduced their stakes in TEL. Norges Bank bought a new stake in TE Connectivity in the fourth quarter valued at $693,985,000. Qube Research & Technologies Ltd bought a new stake in TE Connectivity in the third quarter valued at $165,640,000. First Trust Advisors LP lifted its stake in TE Connectivity by 150.9% in the fourth quarter. First Trust Advisors LP now owns 2,143,423 shares of the electronics maker's stock valued at $301,151,000 after buying an additional 1,289,230 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in TE Connectivity by 1,000.5% in the first quarter. Assenagon Asset Management S.A. now owns 1,335,477 shares of the electronics maker's stock valued at $193,965,000 after buying an additional 1,214,122 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in TE Connectivity by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker's stock valued at $510,015,000 after buying an additional 403,750 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.
About TE Connectivity
(
Get Free Report)
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.
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