Brokerages Set TE Connectivity Ltd. (NYSE:TEL) PT at $154.38

TE Connectivity Ltd. (NYSE:TEL) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $155.13.

TEL has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday. StockNews.com initiated coverage on TE Connectivity in a research note on Tuesday. They issued a “buy” rating on the stock. Robert W. Baird cut their price target on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. cut their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st.

TE Connectivity Trading Down 1.1 %

Shares of TEL stock opened at $149.49 on Friday. TE Connectivity has a 1 year low of $115.00 and a 1 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. The stock has a fifty day moving average of $147.23 and a two-hundred day moving average of $142.97. The firm has a market capitalization of $45.78 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.35.

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, topping the consensus estimate of $1.83 by $0.03. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. As a group, research analysts expect that TE Connectivity will post 7.5 EPS for the current year.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the sale, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the director now directly owns 5,917 shares in the company, valued at approximately $837,196.33. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors have recently made changes to their positions in TEL. JFS Wealth Advisors LLC increased its stake in 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 buying an additional 91 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in 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 buying an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in TE Connectivity in the 4th quarter valued at about $30,000. Godsey & Gibb Inc. increased its stake in 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 buying an additional 114 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in TE Connectivity in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Company Profile

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.