TE Connectivity (NYSE:TEL – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday, Wall Street Zen reports.
A number of other research analysts also recently issued reports on TEL. Citigroup cut their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. UBS Group reiterated a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a report on Thursday, July 23rd. Finally, Barclays increased their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.00.
Read Our Latest Report on TE Connectivity
TE Connectivity Stock Up 2.4%
TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities analysts predict that TE Connectivity will post 11.48 EPS for the current year.
Hedge Funds Weigh In On TE Connectivity
Hedge funds and other institutional investors have recently bought and sold shares of the business. JNBA Financial Advisors lifted its stake in shares of TE Connectivity by 67.1% in the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in TE Connectivity during the second quarter valued at $34,000. Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity in the fourth quarter valued at $40,000. MV Capital Management Inc. acquired a new position in shares of TE Connectivity in the fourth quarter worth about $41,000. Finally, Bayban acquired a new position in shares of TE Connectivity in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 91.43% of the company’s stock.
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.
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