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

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

TEL has been the topic of a number of other reports. Robert W. Baird boosted their target price on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Truist Financial boosted their price objective on shares of TE Connectivity from $239.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. raised their target price on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. The Goldman Sachs Group upped their price target on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, UBS Group raised their price objective on TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. One research 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. According to MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $244.85.

TE Connectivity Price Performance

Shares of TEL opened at $230.43 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The stock has a market cap of $67.79 billion, a PE ratio of 37.47, a PEG ratio of 1.78 and a beta of 1.25. TE Connectivity has a 12-month low of $116.30 and a 12-month high of $250.67. The business has a 50-day simple moving average of $233.90 and a two-hundred day simple moving average of $211.67.

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

Insiders Place Their Bets

In related news, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction on 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 sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This trade represents a 54.48% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by company insiders.

Institutional Trading of TE Connectivity

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitlin John LLC bought a new position in shares of TE Connectivity in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity in the 3rd quarter worth about $29,000. Princeton Global Asset Management LLC purchased a new position in TE Connectivity during the second quarter valued at approximately $26,000. SOA Wealth Advisors LLC. increased its holdings in shares of TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 54 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares during the last quarter. 91.43% of the stock is 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.