Wall Street Zen Upgrades TE Connectivity (NYSE:TEL) to “Buy”

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

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research note on Wednesday, April 22nd. Wells Fargo & Company increased their price target on shares of TE Connectivity from $226.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Evercore reissued an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $255.31.

TE Connectivity Price Performance

TE Connectivity stock opened at $203.22 on Monday. The business’s fifty day moving average is $205.86 and its two-hundred day moving average is $215.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The firm has a market cap of $59.32 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.43 and a beta of 1.17. TE Connectivity has a 52 week low of $177.21 and a 52 week high of $252.56.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts forecast that TE Connectivity will post 11.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TE Connectivity

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gulf International Bank UK Ltd grew its stake in TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after purchasing an additional 44 shares in the last quarter. MCF Advisors LLC lifted its stake in TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after acquiring an additional 45 shares during the last quarter. Webster Bank N. A. grew its position in shares of TE Connectivity by 19.1% in the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after acquiring an additional 46 shares during the period. CYBER HORNET ETFs LLC grew its position in shares of TE Connectivity by 5.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after acquiring an additional 47 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after purchasing an additional 48 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

About TE Connectivity

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.