TE Connectivity (NYSE:TEL) Hits New 52-Week High - Should You Buy?

Key Points

• TE Connectivity reached a new 52-week high of $226.50, indicating strong market performance.
• Analysts have upgraded their price targets for TE Connectivity, with Bank of America setting a new target of $190.00 and Evercore ISI raising it to $225.00.
• The company reported a Q4 earnings of $2.27 EPS, exceeding estimates, and has announced a quarterly dividend of $0.71 to be paid on December 12th.

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $226.50 and last traded at $223.99, with a volume of 29373 shares. The stock had previously closed at $222.69.

Analysts Set New Price Targets

A number of analysts have commented on TEL shares. KGI Securities raised TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Bank of America lifted their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Weiss Ratings restated a "hold (c+)" rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Evercore ISI raised their price target on TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, Truist Financial raised their price target on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TE Connectivity has an average rating of "Moderate Buy" and a consensus target price of $219.92.

TE Connectivity Stock Up 0.3%

The company has a market capitalization of $65.99 billion, a PE ratio of 46.14, a P/E/G ratio of 2.38 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The company has a 50-day moving average of $211.55 and a two-hundred day moving average of $178.61.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The business's revenue was up 13.9% on a year-over-year basis. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity's payout ratio is presently 58.80%.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the transaction, the insider owned 25,976 shares of the company's stock, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Malavika Sagar sold 1,945 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $207.20, for a total value of $403,004.00. Following the completion of the transaction, the senior vice president directly owned 4,716 shares in the company, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock valued at $25,040,158 over the last three months. Insiders own 0.90% of the company's stock.

Institutional Trading of TE Connectivity

Hedge funds and other institutional investors have recently made changes to their positions in the business. Foresight Group Ltd Liability Partnership acquired a new position in shares of TE Connectivity in the 1st quarter valued at $31,983,000. Cambridge Investment Research Advisors Inc. lifted its stake in TE Connectivity by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,540 shares of the electronics maker's stock valued at $2,479,000 after buying an additional 192 shares in the last quarter. Ascent Group LLC purchased a new position in TE Connectivity in the 1st quarter worth approximately $364,000. KLP Kapitalforvaltning AS lifted its stake in TE Connectivity by 3.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 110,533 shares of the electronics maker's stock worth $18,686,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Modern Wealth Management LLC purchased a new stake in shares of TE Connectivity during the 1st quarter valued at approximately $310,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Company Profile

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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