TE Connectivity (NYSE:TEL) Sets New 1-Year High - Should You Buy?

Key Points

• TE Connectivity's stock reached a new 52-week high of $221.02 during trading, closing at $220.75, with a trading volume of 436,016 shares.
• Analysts have generally upgraded their ratings for TE Connectivity, with a consensus target price of $211.36, indicating a Moderate Buy sentiment.
• The company declared a quarterly dividend of $0.71 per share with a dividend yield of 1.3%, demonstrating a commitment to returning value to shareholders.

TE Connectivity Ltd. (NYSE:TEL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $221.02 and last traded at $220.75, with a volume of 436016 shares traded. The stock had previously closed at $219.53.

Analyst Upgrades and Downgrades

Several brokerages have commented on TEL. Bank of America boosted their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Robert W. Baird set a $232.00 price objective on shares of TE Connectivity in a research note on Wednesday, September 3rd. Wells Fargo & Company upped their price target on shares of TE Connectivity from $198.00 to $215.00 and gave the company an "equal weight" rating in a research report on Thursday, September 25th. Wall Street Zen lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. Finally, UBS Group upped their target price on shares of TE Connectivity from $185.00 to $201.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, TE Connectivity has a consensus rating of "Moderate Buy" and a consensus price target of $211.36.

TE Connectivity Price Performance

The firm's 50-day moving average is $207.93 and its 200-day moving average is $173.18. The company has a market capitalization of $65.31 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

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

TE Connectivity Dividend Announcement

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

Insiders Place Their Bets

In other TE Connectivity 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 completion of the transaction, the insider owned 25,976 shares of the company's stock, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $207.20, for a total value of $403,004.00. Following the transaction, the senior vice president directly owned 4,716 shares of the company's stock, valued at $977,155.20. The trade was a 29.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in TE Connectivity by 1.1% in the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker's stock worth $6,458,766,000 after purchasing an additional 410,910 shares during the last quarter. Dodge & Cox raised its position in shares of TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker's stock valued at $2,874,104,000 after purchasing an additional 1,017,323 shares during the period. State Street Corp increased its holdings in TE Connectivity by 0.8% in the 2nd quarter. State Street Corp now owns 12,928,733 shares of the electronics maker's stock valued at $2,180,693,000 after acquiring an additional 100,040 shares during the last quarter. Wellington Management Group LLP increased its holdings in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after acquiring an additional 1,097,035 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker's stock worth $1,185,474,000 after buying an additional 464,853 shares in the last quarter. 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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