Wells Fargo & Company Forecasts Strong Price Appreciation for TE Connectivity (NYSE:TEL) Stock

Key Points

• Wells Fargo & Company has raised its target price for TE Connectivity from $198.00 to $215.00, indicating a potential upside of 0.80% from the current stock price.
• A consensus of analysts gives TE Connectivity a "Moderate Buy" rating, with price targets ranging from $202.91 to $250.00, reflecting varying outlooks on the stock's performance.
• TE Connectivity reported strong quarterly earnings, exceeding estimates with $2.27 EPS and a revenue of $4.53 billion, increasing by 13.9% from the previous year.

TE Connectivity (NYSE:TEL - Get Free Report) had its target price hoisted by investment analysts at Wells Fargo & Company from $198.00 to $215.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the electronics maker's stock. Wells Fargo & Company's target price indicates a potential upside of 0.80% from the company's current price.

A number of other equities research analysts have also commented on TEL. The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. Wall Street Zen downgraded TE Connectivity from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 31st. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a report on Thursday, July 24th. Evercore ISI boosted their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, Citigroup raised their target price on shares of TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $202.91.

TE Connectivity Stock Performance

Shares of NYSE:TEL traded down $2.27 during trading on Thursday, hitting $213.29. 133,202 shares of the stock were exchanged, compared to its average volume of 1,811,043. The company has a market capitalization of $63.02 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 2.61 and a beta of 1.23. 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's fifty day simple moving average is $204.91 and its 200-day simple moving average is $170.98. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $221.00.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company posted $1.91 earnings per share. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Sell-side analysts expect that TE Connectivity will post 8.05 EPS for the current fiscal year.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the transaction, the insider directly owned 23,667 shares of the company's stock, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock worth $25,040,158 over the last quarter. 0.90% of the stock is currently owned by insiders.

Institutional Trading of TE Connectivity

Several institutional investors and hedge funds have recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new position in shares of TE Connectivity during the 2nd quarter valued at approximately $26,000. Salomon & Ludwin LLC grew its position in 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 buying an additional 66 shares in the last quarter. Neo Ivy Capital Management bought a new position in TE Connectivity during the second quarter valued at approximately $30,000. Caldwell Trust Co bought a new stake in shares of TE Connectivity in the 2nd quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. grew its holdings in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Company Profile

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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