Wells Fargo & Company Boosts TE Connectivity (NYSE:TEL) Price Target to $245.00

TE Connectivity (NYSE:TEL) had its price objective hoisted by investment analysts at Wells Fargo & Company from $241.00 to $245.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s price target points to a potential upside of 4.13% from the company’s current price.

A number of other research analysts also recently commented on TEL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Truist Financial lowered their target price on shares of TE Connectivity from $255.00 to $239.00 and set a “hold” rating for the company in a report on Friday, November 21st. Barclays increased their price target on shares of TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. JPMorgan Chase & Co. upped their price objective on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group increased their target price on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.77.

TE Connectivity Trading Up 0.6%

Shares of TE Connectivity stock traded up $1.31 during mid-day trading on Tuesday, hitting $235.29. 598,860 shares of the stock were exchanged, compared to its average volume of 1,834,851. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $69.22 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 1.80 and a beta of 1.25. The company has a 50-day simple moving average of $230.68 and a 200 day simple moving average of $203.79. TE Connectivity has a twelve month low of $116.30 and a twelve month high of $250.67.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the company earned $1.95 EPS. TE Connectivity’s revenue for the quarter was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts forecast that TE Connectivity will post 8.05 EPS for the current year.

Insider Activity

In other news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of TE Connectivity

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its position in TE Connectivity by 11.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock worth $7,078,000 after buying an additional 4,310 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of TE Connectivity by 54.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after acquiring an additional 565,857 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after acquiring an additional 410,910 shares in the last quarter. Vise Technologies Inc. acquired a new stake in TE Connectivity in the 2nd quarter worth approximately $917,000. Finally, AlphaCore Capital LLC bought a new stake in TE Connectivity during the second quarter worth approximately $370,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Company Profile

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.