Investment Analysts’ Recent Ratings Updates for TE Connectivity (TEL)

TE Connectivity (NYSE: TEL) has recently received a number of price target changes and ratings updates:

• 11/8/2024 – TE Connectivity is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 10/31/2024 – TE Connectivity was downgraded by analysts at HSBC Holdings plc from a “hold” rating to a “reduce” rating. They now have a $137.00 price target on the stock.
• 10/31/2024 – TE Connectivity was downgraded by analysts at Hsbc Global Res from a “hold” rating to a “moderate sell” rating.
• 10/31/2024 – TE Connectivity is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 10/23/2024 – TE Connectivity is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 10/15/2024 – TE Connectivity is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 10/9/2024 – TE Connectivity had its price target lowered by analysts at Bank of America Co. from $173.00 to $165.00. They now have a “buy” rating on the stock.
• 10/7/2024 – TE Connectivity is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 10/1/2024 – TE Connectivity had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $189.00 to $179.00. They now have a “buy” rating on the stock.
• 9/29/2024 – TE Connectivity is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 9/21/2024 – TE Connectivity is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 9/20/2024 – TE Connectivity had its price target lowered by analysts at Wells Fargo & Company from $155.00 to $153.00. They now have an “equal weight” rating on the stock.

TE Connectivity Stock Down 1.0 %

TE Connectivity stock traded down $1.48 during midday trading on Thursday, hitting $153.26. 1,151,624 shares of the company’s stock were exchanged, compared to its average volume of 1,829,493. TE Connectivity Ltd. has a 12 month low of $128.52 and a 12 month high of $159.98. The firm has a 50-day moving average of $148.28 and a two-hundred day moving average of $149.17. The company has a market cap of $46.58 billion, a PE ratio of 14.92, a P/E/G ratio of 2.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.61.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.95. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the firm earned $1.78 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. As a group, analysts expect that TE Connectivity Ltd. will post 8.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 128 shares during the period. Olistico Wealth LLC purchased a new stake in shares of TE Connectivity during the 2nd quarter worth approximately $30,000. Armstrong Advisory Group Inc. increased its position in shares of TE Connectivity by 208.3% during the third quarter. Armstrong Advisory Group Inc. now owns 222 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Bank & Trust Co purchased a new stake in TE Connectivity in the second quarter valued at approximately $35,000. Finally, Wolff Wiese Magana LLC boosted its stake in TE Connectivity by 2,450.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 255 shares of the electronics maker’s stock worth $39,000 after purchasing an additional 245 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

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.