UBS Group Issues Positive Forecast for TE Connectivity (NYSE:TEL) Stock Price

TE Connectivity (NYSE:TEL - Get Free Report) had its price objective hoisted by equities research analysts at UBS Group from $185.00 to $201.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the electronics maker's stock. UBS Group's price target would suggest a potential upside of 14.01% from the stock's current price.

TEL has been the topic of several other reports. Citigroup upgraded TE Connectivity from a "neutral" rating to a "buy" rating and raised their target price for the company from $150.00 to $200.00 in a report on Friday. Bank of America increased their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday. Truist Financial decreased their price objective on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price for the company in a research note on Friday, April 25th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of TE Connectivity in a research report on Friday. 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.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.30.

TE Connectivity Trading Down 0.5%

Shares of NYSE TEL traded down $0.82 on Monday, reaching $176.29. 1,227,879 shares of the company traded hands, compared to its average volume of 1,794,796. TE Connectivity has a fifty-two week low of $116.30 and a fifty-two week high of $178.10. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $163.83 and a 200 day moving average of $150.90. The stock has a market capitalization of $52.28 billion, a PE ratio of 38.75, a P/E/G ratio of 2.19 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.96 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a return on equity of 19.40% and a net margin of 8.67%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 earnings per share. On average, equities research analysts forecast that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John S. Jenkins sold 30,000 shares of TE Connectivity stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $149.39, for a total value of $4,481,700.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 13,100 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $170.00, for a total transaction of $2,227,000.00. Following the completion of the sale, the insider owned 23,657 shares of the company's stock, valued at approximately $4,021,690. This trade represents a 35.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,775 shares of company stock worth $29,596,059. Corporate insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Martingale Asset Management L P raised its position in TE Connectivity by 3.6% during the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock valued at $255,000 after acquiring an additional 63 shares in the last quarter. Ballentine Partners LLC boosted its stake in TE Connectivity by 1.4% during the 1st quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock valued at $703,000 after purchasing an additional 68 shares during the period. Vista Investment Management grew its stake in shares of TE Connectivity by 0.5% in the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock worth $1,891,000 after acquiring an additional 70 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of TE Connectivity by 2.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock worth $534,000 after purchasing an additional 75 shares during the period. Finally, Hickory Point Bank & Trust increased its stake 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 valued at $496,000 after acquiring an additional 75 shares during the period. 91.43% of the stock is 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.