TE Connectivity Ltd. (NYSE:TEL) Given Consensus Recommendation of “Hold” by Analysts

TE Connectivity Ltd. (NYSE:TEL) has earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $159.55.

A number of equities research analysts recently weighed in on the stock. Hsbc Global Res lowered shares of TE Connectivity from a “hold” rating to a “moderate sell” rating in a report on Thursday, October 31st. StockNews.com raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Wolfe Research raised TE Connectivity from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 5th. Wells Fargo & Company dropped their price objective on TE Connectivity from $155.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, September 20th. Finally, The Goldman Sachs Group reduced their target price on TE Connectivity from $189.00 to $179.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st.

TE Connectivity Stock Down 0.8 %

Shares of TE Connectivity stock opened at $150.09 on Friday. The company has a fifty day moving average price of $150.10 and a 200 day moving average price of $149.76. The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. TE Connectivity has a twelve month low of $128.52 and a twelve month high of $159.98. The stock has a market cap of $44.90 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.95. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. TE Connectivity had a return on equity of 18.48% and a net margin of 20.15%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. Equities research analysts forecast that TE Connectivity will post 8.14 earnings per share for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a share buyback program on Wednesday, October 30th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. lifted its holdings in TE Connectivity by 1.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,458 shares of the electronics maker’s stock worth $1,859,000 after acquiring an additional 223 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of TE Connectivity by 31.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,004,540 shares of the electronics maker’s stock worth $445,603,000 after purchasing an additional 712,228 shares during the last quarter. Tidal Investments LLC boosted its position in TE Connectivity by 24.5% during the 3rd quarter. Tidal Investments LLC now owns 22,128 shares of the electronics maker’s stock valued at $3,341,000 after purchasing an additional 4,359 shares during the period. Wilmington Savings Fund Society FSB grew its stake in TE Connectivity by 286.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,784 shares of the electronics maker’s stock worth $2,534,000 after buying an additional 12,444 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in TE Connectivity by 124.2% in the third quarter. Sanctuary Advisors LLC now owns 65,749 shares of the electronics maker’s stock worth $10,011,000 after buying an additional 36,423 shares during the period. 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.