NYSE:TELTE Connectivity Stock Price, Forecast & News

TE Connectivity's stock was trading at $72.99 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TEL stock has increased by 23.0% and is now trading at $89.79.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TE Connectivity in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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TE Connectivity is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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TE Connectivity Ltd (NYSE:TEL) released its quarterly earnings results on Wednesday, July, 29th. The electronics maker reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.18. The electronics maker earned $2.55 billion during the quarter, compared to the consensus estimate of $2.40 billion. TE Connectivity had a negative net margin of 0.81% and a positive return on equity of 15.06%. The business's revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 earnings per share.
View TE Connectivity's earnings history.

TE Connectivity declared a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.48 per share on Friday, June 5th. This represents a $1.92 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.46.
View TE Connectivity's dividend history.

TE Connectivity announced that its Board of Directors has approved a stock repurchase program on Friday, December 14th 2018, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

TE Connectivity issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.803-2.803 billion, compared to the consensus revenue estimate of $2.84 billion.

13 brokerages have issued 1 year price targets for TE Connectivity's stock. Their forecasts range from $80.00 to $117.00. On average, they anticipate TE Connectivity's stock price to reach $96.15 in the next year. This suggests a possible upside of 7.1% from the stock's current price.
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Press coverage about TEL stock has been trending somewhat positive on Monday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TE Connectivity earned a daily sentiment score of 1.6 on InfoTrie's scale. They also assigned news coverage about the electronics maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about TE Connectivity.

TE Connectivity saw a increase in short interest in July. As of July 15th, there was short interest totaling 4,070,000 shares, an increase of 8.8% from the June 30th total of 3,740,000 shares. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.2% of the shares of the stock are short sold.
View TE Connectivity's Current Options Chain.

Some companies that are related to TE Connectivity include Arrow Electronics (ARW), Avnet (AVT), Ituran Location and Control Ltd. (US) (ITRN), RADA Electronic Ind. (RADA), VOXX International (VOXX), EACO (EACO), Richardson Electronics (RELL), TESSCO Technologies (TESS), CUI Global (CUI), Taitron Components (TAIT), Surge Components (SPRS) and Cool (AWSM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other TE Connectivity investors own include NVIDIA (NVDA), Walt Disney (DIS), AT&T (T), Alibaba Group (BABA), Home Depot (HD), Intel (INTC), Visa (V), JPMorgan Chase & Co. (JPM), Honeywell International (HON) and Bank of America (BAC).

TE Connectivity trades on the New York Stock Exchange (NYSE) under the ticker symbol "TEL."

TE Connectivity's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sarasin & Partners LLP (0.23%), Royal London Asset Management Ltd. (0.22%), First Trust Advisors LP (0.22%), Waverton Investment Management Ltd (0.18%), DAVENPORT & Co LLC (0.17%) and Marathon Asset Management LLP (0.15%). Company insiders that own TE Connectivity stock include Daniel J Phelan, Eric Resch, Heath A Mitts, John S Jenkins, Kevin N Rock, Mario Calastri, Robert J Ott, Steven T Merkt, Terrence R Curtin and Thomas J Lynch.
View institutional ownership trends for TE Connectivity.

TEL stock was sold by a variety of institutional investors in the last quarter, including Vigilant Capital Management LLC, Hexavest Inc., Marathon Asset Management LLP, Cambiar Investors LLC, Heritage Wealth Advisors, First Trust Advisors LP, Robecosam AG, and SG Americas Securities LLC. Company insiders that have sold TE Connectivity company stock in the last year include John S Jenkins, Robert J Ott, Steven T Merkt, and Terrence R Curtin.
View insider buying and selling activity for TE Connectivity.

TEL stock was acquired by a variety of institutional investors in the last quarter, including Waverton Investment Management Ltd, Sarasin & Partners LLP, Strs Ohio, Raymond James & Associates, Vident Investment Advisory LLC, QV Investors Inc., Envestnet Asset Management Inc., and ARGA Investment Management LP.
View insider buying and selling activity for TE Connectivity.

Shares of TEL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TEL stock can currently be purchased for approximately $89.79.

TE Connectivity has a market capitalization of $29.62 billion and generates $13.45 billion in revenue each year. The electronics maker earns $1.84 billion in net income (profit) each year or $5.55 on an earnings per share basis. TE Connectivity employs 78,000 workers across the globe.

The official website for TE Connectivity is www.te.com.

TE Connectivity's mailing address is MUHLENSTRASSE 26, SCHAFFHAUSEN V8, CH-8200. The electronics maker can be reached via phone at 41-0-52-633-6661 or via email at [email protected]