TE Connectivity (NYSE:TEL) Raised to Strong-Buy at Zacks Research

TE Connectivity (NYSE:TEL) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Citigroup lifted their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Evercore ISI raised their target price on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Oppenheimer raised TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.86.

TE Connectivity Price Performance

Shares of TEL opened at $224.56 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $65.89 billion, a PE ratio of 32.61, a P/E/G ratio of 1.69 and a beta of 1.24. The firm has a fifty day simple moving average of $230.72 and a two-hundred day simple moving average of $220.61. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $250.67.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.17. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities analysts anticipate that TE Connectivity will post 8.05 EPS for the current year.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the transaction, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $820,000. Sivia Capital Partners LLC lifted its stake in TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after buying an additional 1,007 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of TE Connectivity during the second quarter valued at approximately $238,000. PFG Investments LLC acquired a new position in TE Connectivity in the 2nd quarter worth approximately $274,000. Finally, Trilogy Capital Inc. acquired a new stake in TE Connectivity during the 2nd quarter valued at $242,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.