TE Connectivity (NYSE:TEL) Price Target Cut to $169.00 by Analysts at JPMorgan Chase & Co.

TE Connectivity (NYSE:TEL) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $170.00 to $169.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.56% from the company’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus upped their target price on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Truist Financial increased their price objective on TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Robert W. Baird reduced their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $153.50.

TE Connectivity Stock Up 0.1 %

TEL traded up $0.18 during midday trading on Thursday, reaching $140.18. 1,759,498 shares of the company were exchanged, compared to its average volume of 2,195,066. The company has a market cap of $43.57 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.86. The company’s fifty day moving average price is $142.65 and its 200 day moving average price is $136.02. TE Connectivity has a one year low of $115.00 and a one year high of $147.98.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. TE Connectivity’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. As a group, analysts expect that TE Connectivity will post 7.59 EPS for the current year.

Insider Buying and Selling

In related news, insider Steven T. Merkt sold 99,777 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the sale, the insider now owns 30,459 shares in the company, valued at $4,386,096. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

Large investors have recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of TE Connectivity by 0.8% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 74,327 shares of the electronics maker’s stock valued at $10,795,000 after buying an additional 600 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of TE Connectivity by 6.0% in the first quarter. Valeo Financial Advisors LLC now owns 3,933 shares of the electronics maker’s stock worth $551,000 after purchasing an additional 221 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of TE Connectivity by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,967 shares of the electronics maker’s stock worth $2,610,000 after purchasing an additional 439 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of TE Connectivity by 20.2% in the first quarter. V Square Quantitative Management LLC now owns 7,562 shares of the electronics maker’s stock worth $1,098,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new stake in shares of TE Connectivity in the first quarter worth about $355,000. 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.