TE Connectivity (NYSE:TEL) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• TE Connectivity (NYSE: TEL) has been downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating in a recent research report.
• Various analysts, including Evercore ISI and JPMorgan, have recently increased their price targets for TE Connectivity, with the consensus target price now set at $197.55.
• The company reported earnings of $2.27 EPS for the last quarter, exceeding expectations and showing a 13.9% increase in revenue year-over-year.

TE Connectivity (NYSE:TEL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

A number of other analysts also recently issued reports on TEL. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Truist Financial lifted their price objective 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. The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Citigroup lifted their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $199.55.

TE Connectivity Stock Up 0.2%

TEL stock traded up $0.40 during mid-day trading on Friday, hitting $204.96. 403,748 shares of the company were exchanged, compared to its average volume of 1,828,283. 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 firm has a market cap of $60.56 billion, a P/E ratio of 42.43, a P/E/G ratio of 2.45 and a beta of 1.23. The firm's 50 day simple moving average is $192.22 and its 200 day simple moving average is $164.46. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $212.76.

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

Insider Activity at TE Connectivity

In other TE Connectivity news, SVP Malavika Sagar sold 1,945 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction on Monday, July 28th. The stock was sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the transaction, the executive vice president directly owned 24,625 shares of the company's stock, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,645 shares of company stock valued at $27,267,158. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Midwestern Financial LLC IA acquired a new stake in shares of TE Connectivity during the second quarter worth $391,000. Stance Capital LLC acquired a new stake in shares of TE Connectivity during the second quarter worth $1,349,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of TE Connectivity during the second quarter worth $1,250,000. Asset Dedication LLC lifted its holdings in shares of TE Connectivity by 26.9% during the second quarter. Asset Dedication LLC now owns 623 shares of the electronics maker's stock worth $105,000 after buying an additional 132 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds 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.