TE Connectivity (NYSE:TEL) Rating Lowered to “Hold” at Zacks Research

TE Connectivity (NYSE:TEL) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, MarketBeat reports.

Several other equities research analysts have also recently issued reports on the stock. Robert W. Baird raised their price objective on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. UBS Group raised their price target on shares of TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Wells Fargo & Company raised their target price on TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 9th. Finally, TD Cowen increased their price target on TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.85.

TE Connectivity Stock Down 0.6%

TEL stock opened at $230.43 on Monday. TE Connectivity has a 12 month low of $116.30 and a 12 month high of $250.67. 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 company has a market cap of $67.79 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 1.78 and a beta of 1.25. The firm has a 50-day moving average of $233.90 and a two-hundred day moving average of $211.67.

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

Insider Activity at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the transaction, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares in the company, valued at approximately $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. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TE Connectivity

Large investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in TE Connectivity during the 4th quarter worth approximately $820,000. Trexquant Investment LP acquired a new position in shares of TE Connectivity during the first quarter worth $3,757,000. Focus Partners Advisor Solutions LLC raised its stake in TE Connectivity by 9.7% in the first quarter. Focus Partners Advisor Solutions LLC now owns 8,092 shares of the electronics maker’s stock valued at $1,144,000 after buying an additional 717 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in TE Connectivity by 22.2% during the 1st quarter. EP Wealth Advisors LLC now owns 2,369 shares of the electronics maker’s stock worth $335,000 after buying an additional 430 shares during the last quarter. Finally, Perbak Capital Partners LLP purchased a new position in shares of TE Connectivity in the 1st quarter valued at about $240,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.