TE Connectivity (NYSE:TEL) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a research report sent to investors on Saturday morning. The firm issued a buy rating on the electronics maker’s stock.

A number of other research analysts have also recently issued reports on TEL. Wells Fargo & Company decreased their target price on TE Connectivity from $152.00 to $150.00 and set an equal weight rating for the company in a research note on Tuesday, June 25th. Jefferies Financial Group initiated coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a buy rating and a $180.00 price objective for the company. The Goldman Sachs Group restated a buy rating on shares of TE Connectivity in a report on Monday, April 1st. Bank of America lifted their price target on shares of TE Connectivity from $165.00 to $170.00 and gave the company a buy rating in a research note on Thursday, July 18th. Finally, Hsbc Global Res raised shares of TE Connectivity to a hold rating in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, TE Connectivity presently has an average rating of Hold and a consensus price target of $158.45.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $155.77 on Friday. The firm’s 50 day simple moving average is $151.31 and its 200 day simple moving average is $145.44. TE Connectivity has a fifty-two week low of $115.00 and a fifty-two week high of $159.98. The company has a market capitalization of $47.70 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 2.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business posted $1.77 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts forecast that TE Connectivity will post 7.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the sale, the insider now owns 20,556 shares of the company’s stock, valued at $3,186,180. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TE Connectivity news, insider Aaron Kyle Stucki sold 8,750 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the sale, the insider now directly owns 20,556 shares of the company’s stock, valued at $3,186,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

Several institutional investors and hedge funds have recently bought and sold shares of TEL. JFS Wealth Advisors LLC increased its holdings in shares of TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 91 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of TE Connectivity by 209.8% in the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 128 shares during the last quarter. Olistico Wealth LLC bought a new position in shares of TE Connectivity in the second quarter valued at about $30,000. Finally, Godsey & Gibb Inc. lifted its stake in shares of TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after buying an additional 114 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.