TE Connectivity (NYSE:TEL) Cut to Hold at Zacks Research

TE Connectivity (NYSE:TEL) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Citigroup lifted their price objective on shares of TE Connectivity from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI lifted 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. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a research note on Friday, July 11th. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $198.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Truist Financial lifted their price objective on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $202.91.

TE Connectivity Price Performance

Shares of TEL opened at $214.15 on Wednesday. The company has a market cap of $63.28 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 2.56 and a beta of 1.23. TE Connectivity has a twelve month low of $116.30 and a twelve month high of $221.00. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $205.64 and a two-hundred day moving average of $171.44.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm earned $1.91 earnings per share. TE Connectivity’s revenue 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. As a group, analysts predict that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

Insider Activity at TE Connectivity

In other news, SVP Malavika Sagar sold 1,945 shares of the business’s stock in a transaction dated 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 sale, the senior vice president 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 Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 24,625 shares of the company’s stock, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,545 shares of company stock worth $25,040,158 over the last three months. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TE Connectivity

Several large investors have recently bought and sold shares of TEL. Brighton Jones LLC purchased a new stake in TE Connectivity during the 4th quarter valued at about $820,000. Siemens Fonds Invest GmbH purchased a new stake in TE Connectivity during the 4th quarter valued at about $602,000. Wealth Enhancement Advisory Services LLC grew its stake in TE Connectivity by 7.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 36,014 shares of the electronics maker’s stock valued at $5,149,000 after acquiring an additional 2,498 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in TE Connectivity by 7.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 42,387 shares of the electronics maker’s stock valued at $5,990,000 after acquiring an additional 3,078 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in TE Connectivity by 381.1% during the 1st quarter. Versant Capital Management Inc now owns 1,020 shares of the electronics maker’s stock valued at $144,000 after acquiring an additional 808 shares in the last quarter. Hedge funds and other institutional investors 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.