TE Connectivity (NYSE:TEL) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a report issued on Thursday. The firm issued a buy rating on the electronics maker’s stock.

Several other equities analysts have also issued reports on TEL. Robert W. Baird dropped their price objective on TE Connectivity from $159.00 to $158.00 and set an outperform rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price objective on TE Connectivity from $170.00 to $169.00 and set a neutral rating on the stock in a report on Thursday, April 25th. The Goldman Sachs Group reaffirmed a buy rating on shares of TE Connectivity in a report on Monday, April 1st. Jefferies Financial Group initiated coverage on TE Connectivity in a report on Tuesday, April 9th. They set a buy rating and a $180.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on TE Connectivity from $152.00 to $150.00 and set an equal weight rating on the stock in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of Moderate Buy and an average price target of $155.13.

TE Connectivity Stock Up 0.8 %

TE Connectivity stock opened at $154.76 on Thursday. TE Connectivity has a 1-year low of $115.00 and a 1-year high of $155.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92. The stock has a market cap of $47.39 billion, a PE ratio of 14.16, a P/E/G ratio of 2.26 and a beta of 1.33. The stock’s fifty day moving average is $149.38 and its two-hundred day moving average is $143.80.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.03. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 earnings per share. On average, sell-side analysts expect that TE Connectivity will post 7.5 EPS for the current fiscal year.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the sale, the insider now owns 20,556 shares of the company’s stock, valued at $3,186,180. The disclosure for this sale can be found here. Insiders sold a total of 20,794 shares of company stock worth $3,102,206 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Simplicity Wealth LLC lifted its position in shares of TE Connectivity by 2.7% during the 2nd quarter. Simplicity Wealth LLC now owns 2,509 shares of the electronics maker’s stock valued at $377,000 after acquiring an additional 67 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of TE Connectivity by 2.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker’s stock worth $432,000 after purchasing an additional 68 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of TE Connectivity by 3.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,835 shares of the electronics maker’s stock worth $267,000 after purchasing an additional 69 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of TE Connectivity by 5.4% during the 1st quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker’s stock worth $207,000 after purchasing an additional 73 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its position in shares of TE Connectivity by 2.5% during the 4th quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock worth $433,000 after purchasing an additional 74 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

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.