TE Connectivity (NYSE:TEL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

TE Connectivity (NYSE:TEL) had its target price raised by research analysts at Wells Fargo & Company from $226.00 to $230.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 13.66% from the company’s current price.

A number of other equities research analysts have also commented on TEL. Barclays raised their price objective on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group dropped their price target on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Evercore reaffirmed an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.93.

TE Connectivity Stock Up 1.9%

Shares of TEL traded up $3.81 on Thursday, hitting $202.36. The company’s stock had a trading volume of 449,169 shares, compared to its average volume of 2,450,446. The firm’s fifty day moving average price is $213.33 and its 200-day moving average price is $219.78. TE Connectivity has a fifty-two week low of $166.58 and a fifty-two week high of $252.56. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $59.07 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.43 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the company posted $2.10 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities research analysts expect that TE Connectivity will post 11.31 EPS for the current year.

TE Connectivity declared that its board has approved a share buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TEL. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TE Connectivity during the 4th quarter worth approximately $25,000. Caitlin John LLC bought a new position in shares of TE Connectivity in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in TE Connectivity during the third quarter worth $29,000. Geneos Wealth Management Inc. increased its holdings in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after buying an additional 127 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new stake in TE Connectivity during the fourth quarter worth $40,000. 91.43% of the stock is currently owned by institutional investors.

About TE Connectivity

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.