Evercore Downgrades TE Connectivity (NYSE:TEL) to Hold

Posted by George Bondi on Jun 23rd, 2026

TE Connectivity (NYSE:TEL – Get Free Report) was downgraded by equities research analysts at Evercore from a “strong-buy” rating to a “hold” rating in a research note issued on Sunday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Barclays boosted their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. Wells Fargo & Company increased their price target on TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. UBS Group lowered their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.64.

View Our Latest Stock Report on TE Connectivity

TE Connectivity Trading Down 2.3%

TEL opened at $212.74 on Friday. The company’s 50 day moving average is $214.56 and its 200-day moving average is $220.21. TE Connectivity has a 1-year low of $162.17 and a 1-year high of $252.56. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The company has a market cap of $62.10 billion, a P/E ratio of 21.73, a PEG ratio of 1.54 and a beta of 1.16.

TE Connectivity (NYSE:TEL – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts predict that TE Connectivity will post 11.28 earnings per share for the current fiscal year.

TE Connectivity declared that its board has initiated a stock buyback plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction 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 sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,200 shares of company stock worth $6,140,644 in the last quarter. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TEL. Vanguard Group Inc. grew its position in shares of TE Connectivity by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock valued at $8,741,226,000 after buying an additional 168,142 shares during the last quarter. State Street Corp raised its position in shares of TE Connectivity by 0.6% during the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock worth $2,981,572,000 after acquiring an additional 76,292 shares during the last quarter. Geode Capital Management LLC raised its position in shares of TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after acquiring an additional 161,967 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in TE Connectivity by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after acquiring an additional 144,353 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Company Profile

(Get Free Report)

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.