Wall Street Zen Upgrades TE Connectivity (NYSE:TEL) to Buy

Key Points

• Wall Street Zen upgraded TE Connectivity to “buy” from “hold,” while broader analyst sentiment remains “Moderate Buy” with a consensus price target of $251.15.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in EPS and $5.16 billion in revenue; revenue increased 13.8% year over year.
• The stock opened at $202.92, near the lower end of its 52-week range, with a $58.75 billion market capitalization; institutional investors own approximately 91.43% of shares.

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

A number of other analysts have also recently weighed in on TEL. Barclays raised their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, June 15th. Evercore reaffirmed an "in-line" rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. Wells Fargo & Company decreased their price target on TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating for the company in a research note on Thursday, July 23rd. Zacks Research downgraded TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of TE Connectivity in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $251.15.

TE Connectivity Stock Performance

TEL stock opened at $202.92 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The company has a market cap of $58.75 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. The stock's fifty day moving average price is $206.55 and its 200-day moving average price is $212.15. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company had revenue of $5.16 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. TE Connectivity's revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities analysts forecast that TE Connectivity will post 11.48 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

Several hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity during the fourth quarter valued at $25,000. JNBA Financial Advisors increased its stake in shares of TE Connectivity by 67.1% in the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in TE Connectivity in the 2nd quarter worth about $34,000. Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity during the fourth quarter worth approximately $40,000. Finally, MV Capital Management Inc. purchased a new position in TE Connectivity during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

About TE Connectivity

TE Connectivity NYSE: TEL is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company's products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.

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