TE Connectivity (NYSE:TEL) Price Target Raised to $186.00 at JPMorgan Chase & Co.

TE Connectivity (NYSE:TEL - Get Free Report) had its price target raised by investment analysts at JPMorgan Chase & Co. from $148.00 to $186.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the electronics maker's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 3.96% from the stock's previous close.

Several other equities research analysts have also recently weighed in on TEL. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Friday, April 25th. UBS Group raised their target price on TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a research report on Monday. Wall Street Zen raised TE Connectivity from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Bank of America raised their target price on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $177.10.

TE Connectivity Stock Performance

TEL stock traded up $2.53 during midday trading on Thursday, hitting $178.91. 565,333 shares of the company traded hands, compared to its average volume of 1,706,536. TE Connectivity has a twelve month low of $116.30 and a twelve month high of $178.94. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.27. The business has a 50 day simple moving average of $165.42 and a 200-day simple moving average of $151.46. The stock has a market capitalization of $53.06 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the prior year, the business earned $1.86 earnings per share. TE Connectivity's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that TE Connectivity will post 8.05 earnings per share for the current year.

Insider Activity

In other TE Connectivity news, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $500,000.00. Following the completion of the transaction, the senior vice president directly owned 5,927 shares in the company, valued at $948,320. This represents a 34.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John S. Jenkins sold 30,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $149.39, for a total value of $4,481,700.00. Following the completion of the sale, the executive vice president owned 24,625 shares of the company's stock, valued at approximately $3,678,728.75. This trade represents a 54.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,775 shares of company stock valued at $29,596,059. 0.90% of the stock is owned by company insiders.

Institutional Trading of TE Connectivity

A number of hedge funds and other institutional investors have recently made changes to their positions in TEL. Martingale Asset Management L P increased its position in TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock worth $255,000 after purchasing an additional 63 shares during the period. Ballentine Partners LLC boosted its holdings in TE Connectivity by 1.4% during the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock worth $703,000 after buying an additional 68 shares during the last quarter. Vista Investment Management boosted its holdings in TE Connectivity by 0.5% during the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock worth $1,891,000 after buying an additional 70 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in TE Connectivity by 2.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock worth $534,000 after buying an additional 75 shares during the last quarter. Finally, Hickory Point Bank & Trust boosted its holdings in TE Connectivity by 2.6% during the second quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker's stock worth $496,000 after buying an additional 75 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

About TE Connectivity

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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