TE Connectivity Stock Forecast, Price & News

TE Connectivity's stock was trading at $72.99 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TEL shares have increased by 35.1% and is now trading at $98.59.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TE Connectivity in the last year. There are currently 4 hold ratings and 10 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.
View our earnings forecast for TE Connectivity.

TE Connectivity Ltd (NYSE:TEL) released its quarterly earnings data on Wednesday, July, 29th. The electronics maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.41 by $0.18. The electronics maker had revenue of $2.55 billion for 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 company's revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.50 earnings per share.
View TE Connectivity's earnings history.

TE Connectivity announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 21st will be given a dividend of $0.48 per share on Friday, September 4th. This represents a $1.92 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, August 20th.
View TE Connectivity's dividend history.

TE Connectivity announced that its Board of Directors has approved a share repurchase plan 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 repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is 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 (EPS) 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.

14 brokers have issued 1-year target prices for TE Connectivity's stock. Their forecasts range from $80.00 to $130.00. On average, they expect TE Connectivity's share price to reach $99.71 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for TE Connectivity.

TE Connectivity saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,910,000 shares, an increase of 20.6% from the July 30th total of 4,070,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.5% of the company's shares are sold short.
View TE Connectivity's Short Interest.

Some companies that are related to TE Connectivity include Arrow Electronics (ARW), Avnet (AVT), 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), Cool (AWSM), Cool (AWSM) and CLST (CLHI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other TE Connectivity investors own include NVIDIA (NVDA), Intel (INTC), Visa (V), Walt Disney (DIS), Bank of America (BAC), Home Depot (HD), JPMorgan Chase & Co. (JPM), salesforce.com (CRM), Paypal (PYPL) and AT&T (T).

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 Vanguard Group Inc. (7.80%), EdgePoint Investment Group Inc. (1.86%), FMR LLC (1.55%), Nuveen Asset Management LLC (0.93%), Nordea Investment Management AB (0.76%) and Bank of New York Mellon Corp (0.71%). 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 EdgePoint Investment Group Inc., AQR Capital Management LLC, Vanguard Group Inc., Two Sigma Advisers LP, Goldman Sachs Group Inc., Vigilant Capital Management LLC, Hexavest Inc., and State of Wisconsin Investment Board. Company insiders that have sold TE Connectivity company stock in the last year include Eric Resch, John S Jenkins, Kevin N Rock, Mario Calastri, Steven T Merkt, and Terrence R Curtin.
View insider buying and selling activity for TE Connectivity.

TEL stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Nordea Investment Management AB, Waverton Investment Management Ltd, Point72 Asset Management L.P., Balyasny Asset Management LLC, Marshall Wace LLP, Bank of New York Mellon Corp, and Front Barnett Associates LLC.
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 $98.59.

TE Connectivity has a market capitalization of $32.54 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]