Wall Street Zen Downgrades TE Connectivity (NYSE:TEL) to Hold

TE Connectivity (NYSE:TEL) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other analysts also recently issued reports about the stock. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Evercore reissued an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.92.

TE Connectivity Stock Up 0.4%

Shares of TEL traded up $0.89 during midday trading on Friday, reaching $199.80. 1,929,190 shares of the stock were exchanged, compared to its average volume of 2,141,272. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.41 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. TE Connectivity has a 12-month low of $173.54 and a 12-month high of $252.56. The firm has a 50 day simple moving average of $206.75 and a 200-day simple moving average of $217.05.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating the consensus estimate of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Research analysts forecast that TE Connectivity will post 11.31 EPS for the current year.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TEL. Wedge Capital Management L L P NC lifted its position in TE Connectivity by 30.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 349,262 shares of the electronics maker’s stock worth $70,415,000 after acquiring an additional 82,396 shares during the last quarter. Cardinal Capital Management Inc. acquired a new stake in shares of TE Connectivity in the second quarter valued at about $31,493,000. Handelsbanken Fonder AB bought a new position in shares of TE Connectivity in the second quarter worth about $38,996,000. Fulton Bank N.A. lifted its position in shares of TE Connectivity by 10.3% during the 2nd quarter. Fulton Bank N.A. now owns 2,914 shares of the electronics maker’s stock worth $587,000 after purchasing an additional 273 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of TE Connectivity during the 2nd quarter worth about $221,000. Institutional investors own 91.43% of the company’s stock.

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.