TE Connectivity (NYSE:TEL) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a research note issued to investors on Saturday. The brokerage set a “buy” rating on the electronics maker’s stock.

A number of other brokerages have also weighed in on TEL. Wolfe Research raised shares of TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a report on Wednesday, July 24th. Vertical Research began coverage on TE Connectivity in a report on Tuesday, July 23rd. They set a “hold” rating and a $155.00 target price for the company. Hsbc Global Res upgraded shares of TE Connectivity to a “hold” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird lifted their price objective on shares of TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $158.73.

TE Connectivity Stock Down 0.9 %

Shares of TEL stock opened at $148.11 on Friday. The stock’s fifty day moving average price is $149.59 and its 200 day moving average price is $147.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. TE Connectivity has a 1-year low of $115.00 and a 1-year high of $159.98. The company has a market cap of $45.01 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. On average, research analysts expect that TE Connectivity will post 7.57 earnings per share for the current fiscal year.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the sale, the insider now directly owns 20,556 shares of the company’s stock, valued at $3,186,180. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Robert J. Ott sold 2,913 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the transaction, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value 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 71,363 shares of company stock worth $11,042,161 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

A number of institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in TE Connectivity by 184.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock valued at $6,163,000 after purchasing an additional 28,449 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in TE Connectivity by 17.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock worth $52,456,000 after purchasing an additional 52,824 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of TE Connectivity by 25.3% during the 1st quarter. Russell Investments Group Ltd. now owns 287,942 shares of the electronics maker’s stock worth $41,811,000 after purchasing an additional 58,219 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of TE Connectivity by 72.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock valued at $46,537,000 after purchasing an additional 135,548 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $15,847,000. 91.43% of the stock is owned by institutional investors and hedge funds.

About TE Connectivity

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.