TE Connectivity (NYSE:TEL) Stock Rating Lowered by Zacks Research

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

Several other brokerages have also recently commented on TEL. 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 price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. UBS Group increased their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a report on Wednesday, January 21st. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Trading Up 2.6%

NYSE TEL opened at $205.99 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $250.67. The firm’s fifty day simple moving average is $221.16 and its 200-day simple moving average is $225.64. The company has a market capitalization of $60.44 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $1.95 earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, sell-side analysts anticipate that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a share buyback program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction 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. This represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,945 shares of company stock valued at $7,528,616. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $25,000. Caitlin John LLC acquired a new position in TE Connectivity during the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in TE Connectivity during the 3rd quarter valued at $29,000. Caldwell Trust Co bought a new stake in TE Connectivity in the 2nd quarter valued at $31,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the period. 91.43% of the stock is 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.