TE Connectivity (NYSE:TEL) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a research report issued on Sunday. The brokerage set a “buy” rating on the electronics maker’s stock.

Several other brokerages also recently weighed in on TEL. Truist Financial raised their target price on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Jefferies Financial Group began coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price on the stock. Robert W. Baird lifted their price objective on shares of TE Connectivity from $147.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, Citigroup assumed coverage on TE Connectivity in a research report on Friday, January 5th. They set a “neutral” rating and a $146.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.30.

TE Connectivity Stock Performance

TEL opened at $142.00 on Friday. The firm has a market cap of $44.13 billion, a P/E ratio of 13.47, a PEG ratio of 2.04 and a beta of 1.39. TE Connectivity has a 1-year low of $115.00 and a 1-year high of $147.98. The company has a 50 day simple moving average of $142.76 and a two-hundred day simple moving average of $135.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.13. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 earnings per share. Equities analysts forecast that TE Connectivity will post 7.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of TE Connectivity stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $144.00, for a total value of $14,367,888.00. Following the completion of the sale, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TEL. International Assets Investment Management LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $10,759,000. Nordea Investment Management AB grew its stake in TE Connectivity by 5.3% in the 4th quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock valued at $114,430,000 after buying an additional 41,198 shares during the last quarter. SG Americas Securities LLC raised its holdings in TE Connectivity by 518.3% in the 4th quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock valued at $21,876,000 after acquiring an additional 130,515 shares during the period. Patten Group Inc. acquired a new stake in TE Connectivity during the fourth quarter worth approximately $220,000. Finally, Asio Capital LLC bought a new position in shares of TE Connectivity during the fourth quarter worth approximately $2,150,000. Institutional investors and hedge funds 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.