TE Connectivity (NYSE:TEL - Get Free Report) had its price target lowered by analysts at Robert W. Baird from $150.00 to $147.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the electronics maker's stock. Robert W. Baird's target price indicates a potential upside of 13.75% from the company's previous close.
TEL has been the topic of several other reports. Truist Financial dropped their price target on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. UBS Group dropped their target price on shares of TE Connectivity from $188.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group decreased their price objective on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. HSBC upgraded TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their target price on TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, TE Connectivity presently has an average rating of "Hold" and an average price target of $156.90.
Read Our Latest Stock Report on TEL
TE Connectivity Stock Up 1.8 %
Shares of TEL traded up $2.33 during midday trading on Tuesday, hitting $129.23. The company had a trading volume of 2,517,669 shares, compared to its average volume of 1,704,876. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $159.98. The company's 50-day simple moving average is $142.92 and its 200-day simple moving average is $146.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a market capitalization of $38.56 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.11 and a beta of 1.25.
TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The company's revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts expect that TE Connectivity will post 8.05 EPS for the current year.
Insiders Place Their Bets
In related news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the transaction, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On TE Connectivity
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. lifted its position in shares of TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after purchasing an additional 107 shares in the last quarter. Fairway Wealth LLC acquired a new stake in TE Connectivity during the 4th quarter valued at $43,000. Golden State Wealth Management LLC acquired a new position in TE Connectivity in the 4th quarter worth $44,000. Finally, Hilltop National Bank acquired a new stake in shares of TE Connectivity during the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 91.43% of the company's stock.
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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