TE Connectivity (NYSE:TEL) Upgraded at Zacks Research

TE Connectivity (NYSE:TEL) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on the stock. Oppenheimer upgraded shares of TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 target price on the stock in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Wells Fargo & Company raised their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Evercore ISI boosted their price target on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.86.

TE Connectivity Stock Up 1.9%

Shares of NYSE TEL opened at $225.99 on Wednesday. The business’s fifty day simple moving average is $230.72 and its 200-day simple moving average is $220.61. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market cap of $66.31 billion, a P/E ratio of 32.61, a PEG ratio of 1.69 and a beta of 1.24. TE Connectivity has a 12-month low of $116.30 and a 12-month high of $250.67.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities analysts predict that TE Connectivity will post 8.05 EPS for the current fiscal year.

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the transaction, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of TE Connectivity during the fourth quarter worth about $820,000. Sivia Capital Partners LLC raised its stake in TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after buying an additional 1,007 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in shares of TE Connectivity in the 2nd quarter worth approximately $238,000. PFG Investments LLC bought a new stake in shares of TE Connectivity in the 2nd quarter valued at approximately $274,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of TE Connectivity during the 2nd quarter valued at approximately $242,000. 91.43% of the stock is owned by institutional investors and hedge funds.

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.