TE Connectivity (NYSE:TEL) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of TE Connectivity (NYSE:TEL) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on TEL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Citigroup cut their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. UBS Group reaffirmed a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company increased their target price on TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.00.

TE Connectivity Trading Up 3.7%

TE Connectivity stock opened at $212.18 on Friday. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56. The firm’s 50 day moving average price is $206.37 and its 200-day moving average price is $209.86. 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 stock has a market cap of $61.43 billion, a P/E ratio of 20.80, a PEG ratio of 1.42 and a beta of 1.16.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Gulf International Bank UK Ltd boosted its position in shares of TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after purchasing an additional 44 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of TE Connectivity by 14.1% in the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares in the last quarter. CYBER HORNET ETFs LLC raised its holdings in shares of TE Connectivity by 5.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 47 shares in the last quarter. Harbour Investments Inc. lifted its stake in TE Connectivity by 4.2% during the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock valued at $271,000 after purchasing an additional 48 shares during the last quarter. Finally, Security National Bank of SO Dak boosted its holdings in TE Connectivity by 0.5% during the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after buying an additional 50 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.