TE Connectivity (NYSE:TEL) Stock Rating Upgraded by Sanford C. Bernstein

TE Connectivity (NYSE:TEL) was upgraded by equities research analysts at Sanford C. Bernstein to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

TEL has been the topic of several other research reports. Robert W. Baird cut their target price on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Citigroup lowered their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Wells Fargo & Company upped their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday, September 11th. Finally, Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.36.

TE Connectivity Trading Down 0.4%

NYSE:TEL opened at $213.46 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. TE Connectivity has a one year low of $190.27 and a one year high of $252.56. The company has a market cap of $61.80 billion, a PE ratio of 20.93, a PEG ratio of 1.43 and a beta of 1.16. The firm has a 50-day moving average of $207.86 and a 200-day moving average of $208.86.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts expect that TE Connectivity will post 11.48 EPS for the current fiscal year.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds have recently made changes to their positions in the business. JNBA Financial Advisors grew its position in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after buying an additional 51 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in TE Connectivity in the second quarter worth about $34,000. Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity in the fourth quarter valued at about $40,000. MV Capital Management Inc. bought a new position in shares of TE Connectivity during the 4th quarter valued at approximately $41,000. Finally, Bayban bought a new position in shares of TE Connectivity during the 4th quarter valued at approximately $44,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.