TE Connectivity (NYSE:TEL) Price Target Raised to $185.00 at UBS Group

TE Connectivity (NYSE:TEL - Get Free Report) had its target price boosted by equities research analysts at UBS Group from $163.00 to $185.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the electronics maker's stock. UBS Group's price target would indicate a potential upside of 13.72% from the stock's current price.

TEL has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wall Street Zen cut shares of TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. HSBC upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research note on Thursday, April 24th. Truist Financial lowered their target price on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $162.50.

TE Connectivity Stock Performance

TEL traded up $2.81 during trading on Friday, hitting $162.68. The stock had a trading volume of 337,773 shares, compared to its average volume of 1,700,274. TE Connectivity has a twelve month low of $116.30 and a twelve month high of $164.11. The firm has a market capitalization of $48.24 billion, a P/E ratio of 25.99, a PEG ratio of 2.11 and a beta of 1.24. 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 company's 50-day moving average price is $144.99 and its 200 day moving average price is $147.18.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 earnings per share. On average, equities research analysts forecast that TE Connectivity will post 8.05 EPS for the current fiscal year.

Insider Activity at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 53,306 shares of TE Connectivity stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $159.21, for a total value of $8,486,848.26. Following the completion of the sale, the chief financial officer now directly owns 45,503 shares of the company's stock, valued at approximately $7,244,532.63. The trade was a 53.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the completion of the transaction, the insider now owns 25,976 shares of the company's stock, valued at $4,130,963.28. This trade represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 174,675 shares of company stock valued at $27,369,059 over the last quarter. Insiders own 0.90% of the company's stock.

Institutional Trading of TE Connectivity

A number of hedge funds have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. boosted its position in shares of TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock worth $28,000 after acquiring an additional 107 shares during the last quarter. Costello Asset Management INC purchased a new position in TE Connectivity during the first quarter worth approximately $28,000. Millstone Evans Group LLC purchased a new position in TE Connectivity during the first quarter worth approximately $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of TE Connectivity in the 1st quarter valued at $34,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of TE Connectivity during the 1st quarter valued at $34,000. 91.43% of the stock is 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.