Equities researchers at StockNews.com initiated coverage on shares of TE Connectivity (NYSE:TEL - Get Free Report) in a research note issued on Thursday. The brokerage set a "buy" rating on the electronics maker's stock.
TEL has been the subject of a number of other reports. Stifel Nicolaus raised their price objective on TE Connectivity from $140.00 to $145.00 and gave the stock a "hold" rating in a research report on Thursday, January 25th. Truist Financial increased their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the stock a "hold" rating in a research report on Thursday, January 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a report on Monday, April 1st. Robert W. Baird reduced their price objective on TE Connectivity from $159.00 to $158.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Finally, Jefferies Financial Group began coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a "buy" rating and a $180.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $153.89.
View Our Latest Report on TE Connectivity
TE Connectivity Trading Down 0.2 %
Shares of TE Connectivity stock traded down $0.37 on Thursday, reaching $151.09. 1,355,102 shares of the company were exchanged, compared to its average volume of 2,109,867. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. TE Connectivity has a fifty-two week low of $115.00 and a fifty-two week high of $152.14. The firm has a market capitalization of $46.27 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.18 and a beta of 1.36. The stock has a fifty day moving average price of $143.05 and a 200-day moving average price of $138.45.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 earnings per share. On average, analysts expect that TE Connectivity will post 7.51 EPS for the current year.
Insider Activity
In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the sale, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.86% of the company's stock.
Institutional Investors Weigh In On TE Connectivity
Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its stake in shares of TE Connectivity by 5.0% in the first quarter. California State Teachers Retirement System now owns 483,488 shares of the electronics maker's stock valued at $70,222,000 after buying an additional 22,841 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of TE Connectivity by 18.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,665 shares of the electronics maker's stock worth $1,404,000 after acquiring an additional 1,481 shares during the period. Industrial Alliance Investment Management Inc. grew its holdings in shares of TE Connectivity by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,089 shares of the electronics maker's stock worth $303,000 after purchasing an additional 88 shares in the last quarter. Bayesian Capital Management LP increased its position in shares of TE Connectivity by 438.6% during the first quarter. Bayesian Capital Management LP now owns 23,700 shares of the electronics maker's stock valued at $3,442,000 after purchasing an additional 19,300 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of TE Connectivity by 2.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker's stock valued at $432,000 after purchasing an additional 68 shares in the last quarter. 91.43% of the stock is owned by institutional investors.
TE Connectivity Company Profile
(
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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