Stifel Nicolaus restated their buy rating on shares of TE Connectivity Ltd. (NYSE:TEL) in a research report sent to investors on Tuesday, October 17th. They currently have a $87.00 price target on the electronics maker’s stock.
Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of TE Connectivity from a buy rating to a hold rating in a research note on Tuesday, September 26th. Morgan Stanley restated an overweight rating and issued a $89.00 target price on shares of TE Connectivity in a research note on Wednesday, September 20th. BidaskClub downgraded shares of TE Connectivity from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada upped their price target on shares of TE Connectivity from $86.00 to $87.00 and gave the company an outperform rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $93.50.
Shares of TE Connectivity (TEL) traded up $0.37 on Tuesday, reaching $93.10. 361,699 shares of the company’s stock were exchanged, compared to its average volume of 1,122,355. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $32,769.31, a PE ratio of 19.20, a P/E/G ratio of 1.79 and a beta of 1.06. TE Connectivity has a one year low of $62.22 and a one year high of $93.11.
TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. TE Connectivity’s revenue was up 3.7% compared to the same quarter last year. research analysts predict that TE Connectivity will post 5.27 earnings per share for the current fiscal year.
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In other news, insider Thomas J. Lynch sold 130,617 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $91.29, for a total value of $11,924,025.93. Following the completion of the sale, the insider now directly owns 429,500 shares of the company’s stock, valued at $39,209,055. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas J. Lynch sold 186,033 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $79.29, for a total transaction of $14,750,556.57. Following the transaction, the insider now directly owns 298,851 shares in the company, valued at approximately $23,695,895.79. The disclosure for this sale can be found here. Insiders sold a total of 447,266 shares of company stock valued at $37,564,038 in the last quarter. 1.49% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in TEL. BlackRock Inc. grew its stake in shares of TE Connectivity by 1,777.1% in the first quarter. BlackRock Inc. now owns 17,203,935 shares of the electronics maker’s stock worth $1,282,551,000 after acquiring an additional 16,287,414 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in TE Connectivity by 112,210.6% during the second quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock worth $132,549,000 after buying an additional 1,683,159 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in TE Connectivity by 499.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,386,610 shares of the electronics maker’s stock worth $109,098,000 after buying an additional 1,155,316 shares in the last quarter. Boston Partners boosted its stake in TE Connectivity by 8.1% during the third quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock worth $1,032,298,000 after buying an additional 934,796 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in TE Connectivity by 3.6% during the first quarter. Vanguard Group Inc. now owns 22,790,216 shares of the electronics maker’s stock worth $1,699,010,000 after buying an additional 796,516 shares in the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.
About TE Connectivity
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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