Wells Fargo & Company Raises TE Connectivity (NYSE:TEL) Price Target to $245.00

TE Connectivity (NYSE:TEL) had its price objective raised by research analysts at Wells Fargo & Company from $241.00 to $245.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 0.51% from the company’s current price.

TEL has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Citigroup upped their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, TD Cowen lifted their price target on TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $244.77.

TE Connectivity Stock Performance

NYSE TEL opened at $243.75 on Tuesday. The company’s 50 day simple moving average is $231.45 and its two-hundred day simple moving average is $204.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $250.67. The stock has a market capitalization of $71.71 billion, a PE ratio of 39.63, a P/E/G ratio of 1.81 and a beta of 1.25.

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

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction that occurred on Monday, November 3rd. The stock was 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 directly owned 45,503 shares in the company, 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. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEL. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of TE Connectivity by 11.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after purchasing an additional 4,310 shares in the last quarter. Nordea Investment Management AB boosted its position in TE Connectivity by 54.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after acquiring an additional 565,857 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of TE Connectivity by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after acquiring an additional 410,910 shares during the period. Vise Technologies Inc. bought a new position in shares of TE Connectivity in the 2nd quarter worth approximately $917,000. Finally, AlphaCore Capital LLC purchased a new position in shares of TE Connectivity in the 2nd quarter valued at approximately $370,000. 91.43% of the stock is currently owned by institutional investors.

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.