TE Connectivity (NYSE:TEL) Price Target Lowered to $214.00 at Wells Fargo & Company

TE Connectivity (NYSE:TEL) had its price target dropped by analysts at Wells Fargo & Company from $249.00 to $214.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the electronics maker’s stock. Wells Fargo & Company‘s target price points to a potential upside of 5.82% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Oppenheimer upped their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Barclays increased their price target on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, UBS Group upped their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $249.43.

TE Connectivity Stock Up 1.8%

NYSE TEL traded up $3.60 during mid-day trading on Tuesday, reaching $202.24. The stock had a trading volume of 293,400 shares, compared to its average volume of 2,247,787. The stock has a market cap of $59.34 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.54 and a beta of 1.23. The company has a fifty day moving average price of $218.22 and a 200 day moving average price of $225.46. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the business earned $1.95 EPS. The business’s revenue for the quarter 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. On average, research analysts expect that TE Connectivity will post 8.05 earnings per share for the current year.

TE Connectivity declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the sale, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The SEC filing for this sale provides additional information. Insiders sold a total of 32,945 shares of company stock valued at $7,528,616 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Several hedge funds have recently modified their holdings of TEL. Hsbc Holdings PLC boosted its position in TE Connectivity by 11.1% during the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after acquiring an additional 23,074 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in TE Connectivity by 34.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 773,242 shares of the electronics maker’s stock valued at $175,920,000 after purchasing an additional 197,369 shares in the last quarter. World Investment Advisors boosted its position in TE Connectivity by 18.8% during the fourth quarter. World Investment Advisors now owns 2,857 shares of the electronics maker’s stock valued at $650,000 after purchasing an additional 452 shares in the last quarter. Larry Mathis Financial Planning LLC purchased a new position in TE Connectivity in the fourth quarter valued at about $326,000. Finally, Corient Private Wealth LLC raised its holdings in TE Connectivity by 80.6% in the fourth quarter. Corient Private Wealth LLC now owns 181,900 shares of the electronics maker’s stock worth $41,387,000 after purchasing an additional 81,157 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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.