TE Connectivity (NYSE:TEL) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• TE Connectivity shares moved above their 200-day moving average, reaching $215.42 and last trading near $214.08, compared with a 200-day average of $213.42.
• Analyst sentiment remains positive but mixed: the stock has a “Moderate Buy” consensus from 16 analysts, with 11 Buy, four Hold and one Sell ratings, and an average price target of $258.07.
• TE Connectivity declared a quarterly dividend of $0.78, equivalent to $3.12 annually and a 1.5% yield; institutional investors own approximately 91.43% of the company.

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $213.42 and traded as high as $215.42. TE Connectivity shares last traded at $214.0820, with a volume of 1,818,268 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on TEL. Truist Financial cut their price objective on TE Connectivity from $240.00 to $215.00 and set a "hold" rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their target price on TE Connectivity from $260.00 to $235.00 and set a "neutral" rating for the company in a report on Thursday, July 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a report on Thursday. The Goldman Sachs Group increased their target price on TE Connectivity from $284.00 to $288.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Finally, Citigroup cut their price target on TE Connectivity from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $258.07.

TE Connectivity Stock Performance

The stock has a 50 day moving average of $209.98 and a 200 day moving average of $213.42. The company has a market capitalization of $61.98 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given a $0.78 dividend. The ex-dividend date is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity's payout ratio is 30.59%.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors have recently modified their holdings of the company. SYM FINANCIAL Corp bought a new stake in shares of TE Connectivity during the 3rd quarter valued at about $359,000. Independence Bank of Kentucky acquired a new position in TE Connectivity in the third quarter valued at approximately $26,000. Angeles Wealth Management LLC lifted its stake in TE Connectivity by 13.0% in the third quarter. Angeles Wealth Management LLC now owns 1,216 shares of the electronics maker's stock valued at $257,000 after buying an additional 140 shares during the period. Schwartz Investment Counsel Inc. boosted its holdings in shares of TE Connectivity by 763.6% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 113,990 shares of the electronics maker's stock worth $24,061,000 after buying an additional 100,790 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its holdings in shares of TE Connectivity by 113.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 126 shares of the electronics maker's stock worth $27,000 after buying an additional 67 shares in the last quarter. 91.43% of the stock is owned by 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 help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.

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