JPMorgan Chase & Co. Issues Positive Forecast for TE Connectivity (NYSE:TEL) Stock Price

TE Connectivity (NYSE:TEL) had its price target lifted by JPMorgan Chase & Co. from $204.00 to $260.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the electronics maker’s stock.

A number of other research firms also recently issued reports on TEL. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group lifted their target price on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Evercore ISI increased their price target on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.25.

TE Connectivity Stock Performance

NYSE TEL opened at $243.41 on Thursday. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $218.11 and a 200 day simple moving average of $186.73. TE Connectivity has a 12-month low of $116.30 and a 12-month high of $247.34. The company has a market cap of $71.92 billion, a P/E ratio of 39.58, a PEG ratio of 2.24 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. The firm had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Sell-side analysts predict that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s payout ratio is presently 46.18%.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas lifted its stake in TE Connectivity by 20.5% in the third quarter. Teacher Retirement System of Texas now owns 137,268 shares of the electronics maker’s stock valued at $30,134,000 after purchasing an additional 23,331 shares during the last quarter. Strs Ohio raised its stake in shares of TE Connectivity by 72.2% in the third quarter. Strs Ohio now owns 198,000 shares of the electronics maker’s stock valued at $43,467,000 after buying an additional 83,000 shares during the period. CNB Bank lifted its position in shares of TE Connectivity by 2.5% during the 3rd quarter. CNB Bank now owns 5,792 shares of the electronics maker’s stock valued at $1,272,000 after buying an additional 144 shares during the last quarter. Cornerstone Wealth Group LLC bought a new position in shares of TE Connectivity during the 3rd quarter worth $213,000. Finally, Sage Mountain Advisors LLC purchased a new stake in TE Connectivity in the 3rd quarter worth about $292,000. 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.