TE Connectivity (NYSE:TEL) Price Target Raised to $250.00

Key Points

• TE Connectivity has had its price target raised from $225.00 to $250.00 by Evercore ISI, indicating a potential upside of 10.20% from the current stock price.
• The company reported earnings per share of $2.27 for the last quarter, exceeding the expected $2.08, with a revenue of $4.53 billion compared to expectations of $4.30 billion.
• Recent insider sales include EVP John S. Jenkins offloading 45,850 shares valued at approximately $9.6 million, reflecting a significant decrease in his ownership position by 65.06%.

TE Connectivity (NYSE:TEL - Get Free Report) had its target price raised by research analysts at Evercore ISI from $225.00 to $250.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the electronics maker's stock. Evercore ISI's target price suggests a potential upside of 10.20% from the company's current price.

TEL has been the subject of a number of other research reports. Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Wells Fargo & Company lifted their price target on TE Connectivity from $198.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 25th. Robert W. Baird lifted their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Truist Financial lifted their price target on TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Finally, Barclays assumed coverage on TE Connectivity in a research report on Tuesday, October 7th. They set an "overweight" rating and a $249.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $222.00.

TE Connectivity Stock Up 1.7%

Shares of TE Connectivity stock traded up $3.87 during trading on Monday, reaching $226.85. The company's stock had a trading volume of 536,778 shares, compared to its average volume of 1,781,371. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The company has a market cap of $67.03 billion, a price-to-earnings ratio of 46.98, a P/E/G ratio of 2.41 and a beta of 1.26. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $226.79. The company has a 50-day simple moving average of $212.45 and a two-hundred day simple moving average of $180.36.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities analysts forecast that TE Connectivity will post 8.05 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. The trade was a 65.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction dated Monday, July 28th. The shares were 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 owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This 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 worth $25,040,158 in the last 90 days. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently modified their holdings of TEL. Vanguard Group Inc. increased its stake in TE Connectivity by 17.0% during the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after buying an additional 5,502,415 shares in the last quarter. Norges Bank purchased a new stake in TE Connectivity during the 2nd quarter worth approximately $609,158,000. Valeo Financial Advisors LLC increased its stake in TE Connectivity by 39,846.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker's stock worth $299,490,000 after buying an additional 1,771,153 shares in the last quarter. Bank of America Corp DE increased its stake in TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker's stock worth $1,058,390,000 after buying an additional 1,352,152 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in TE Connectivity during the 1st quarter worth approximately $174,700,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

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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