TE Connectivity (NYSE:TEL) Stock Rating Upgraded by Wall Street Zen

Key Points

• TE Connectivity has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating increased analyst confidence in the stock's performance.
• Several analysts have raised their price targets for TE Connectivity, with estimates now ranging from $190.00 to $204.00, reflecting a positive outlook on the company's growth.
• In its most recent earnings report, TE Connectivity exceeded expectations by posting an EPS of $2.27, up from $1.91 the previous year, along with a revenue increase of 13.9% year-over-year.

TE Connectivity (NYSE:TEL - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

TEL has been the topic of a number of other reports. Truist Financial raised their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, July 24th. UBS Group lifted their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Bank of America lifted their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $197.55.

TE Connectivity Trading Up 2.3%

NYSE TEL opened at $204.8070 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The company has a market capitalization of $60.52 billion, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company's 50-day simple moving average is $186.36 and its two-hundred day simple moving average is $161.57. TE Connectivity has a one year low of $116.30 and a one year high of $212.76.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion for 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 company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Equities analysts forecast that TE Connectivity will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling at TE Connectivity

In other news, EVP John S. Jenkins sold 45,850 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $159.03, for a total transaction of $3,975,750.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at $4,130,963.28. This represents a 49.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,795 shares of company stock worth $26,401,597 over the last ninety days. Company insiders own 0.90% of the company's stock.

Institutional Trading of TE Connectivity

A number of large investors have recently made changes to their positions in the company. Princeton Global Asset Management LLC purchased a new position in TE Connectivity in the second quarter valued at approximately $26,000. Costello Asset Management INC purchased a new position in shares of TE Connectivity during the first quarter worth approximately $28,000. Neo Ivy Capital Management purchased a new position in shares of TE Connectivity during the second quarter worth approximately $30,000. Salomon & Ludwin LLC lifted its holdings in shares of TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker's stock worth $31,000 after purchasing an additional 66 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in shares of TE Connectivity during the first quarter worth $32,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

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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