TE Connectivity (NYSE:TEL – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
Other analysts also recently issued research reports about the company. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Evercore reissued an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. UBS Group restated a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a report on Thursday, July 23rd. Robert W. Baird cut their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.00.
Read Our Latest Research Report on TE Connectivity
TE Connectivity Price Performance
TE Connectivity (NYSE:TEL – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities research analysts anticipate that TE Connectivity will post 11.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. JNBA Financial Advisors increased its position in shares of TE Connectivity by 67.1% in the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of TE Connectivity in the second quarter worth about $34,000. Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity in the fourth quarter worth about $40,000. Finally, MV Capital Management Inc. purchased a new position in TE Connectivity during the 4th quarter valued at about $41,000. 91.43% of the stock is owned by hedge funds and other institutional investors.
About TE Connectivity
TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.
The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.
Featured Stories
- Five stocks we like better than TE Connectivity
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.
