TE Connectivity (NYSE:TEL) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of TE Connectivity (NYSE:TEL) in a report issued on Tuesday. The firm set a “buy” rating on the electronics maker’s stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Robert W. Baird decreased their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Jefferies Financial Group assumed coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target for the company. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus target price of $154.38.

TE Connectivity Price Performance

NYSE TEL opened at $151.10 on Tuesday. The stock has a 50-day moving average of $147.10 and a 200 day moving average of $142.86. The company has a market capitalization of $46.27 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.22 and a beta of 1.35. TE Connectivity has a one year low of $115.00 and a one year high of $153.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts forecast that TE Connectivity will post 7.5 EPS for the current year.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

A number of institutional investors have recently bought and sold shares of TEL. JFS Wealth Advisors LLC lifted its holdings in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of TE Connectivity by 112.4% in the 1st 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. Jones Financial Companies Lllp lifted its holdings in shares of TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of TE Connectivity in the 4th quarter valued at about $30,000. Finally, Godsey & Gibb Inc. lifted its holdings in shares of TE Connectivity by 103.6% in the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 114 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

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.