TE Connectivity (NYSE:TEL) Raised to Buy at Wall Street Zen

TE Connectivity (NYSE:TEL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

TEL has been the topic of a number of other reports. UBS Group increased their price target on shares of TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Robert W. Baird lifted their price objective on shares of TE Connectivity from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. The Goldman Sachs Group upped their price objective on shares of TE Connectivity from $284.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Citigroup dropped their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Finally, Sanford C. Bernstein initiated coverage on TE Connectivity in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $243.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $258.07.

TE Connectivity Trading Down 0.1%

Shares of TE Connectivity stock opened at $212.47 on Friday. The stock has a market cap of $61.51 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The firm has a fifty day moving average price of $210.24 and a 200 day moving average price of $210.43. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion for 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%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts predict that TE Connectivity will post 11.49 earnings per share for the current year.

Institutional Investors Weigh In On TE Connectivity

Large investors have recently bought and sold shares of the company. State Street Corp raised its holdings in TE Connectivity by 5.7% in the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock valued at $2,750,079,000 after buying an additional 730,084 shares during the period. Wellington Management Group LLP raised its stake in shares of TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after acquiring an additional 2,507,569 shares during the period. Baird Financial Group Inc. raised its stake in shares of TE Connectivity by 3.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after acquiring an additional 109,020 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of TE Connectivity by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock worth $618,121,000 after acquiring an additional 118,284 shares during the last quarter. Finally, Amundi lifted its holdings in shares of TE Connectivity by 37.2% in the 1st quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock worth $471,733,000 after acquiring an additional 612,180 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.