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

Investment analysts at StockNews.com began coverage on shares of TE Connectivity (NYSE:TEL) in a note issued to investors on Wednesday. The firm set a “buy” rating on the electronics maker’s stock.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. JPMorgan Chase & Co. decreased 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, Robert W. Baird dropped 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. Five research 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.13.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $148.78 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $148.13 and a 200-day simple moving average of $143.37. The stock has a market capitalization of $45.56 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.21 and a beta of 1.33. TE Connectivity has a 1-year low of $115.00 and a 1-year high of $153.54.

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

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the firm’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 completion of the sale, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction that occurred 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 directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of the business’s stock in a transaction that occurred 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 owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

Several large investors have recently made changes to their positions in TEL. International Assets Investment Management LLC acquired a new position in TE Connectivity during the 4th quarter valued at about $10,759,000. Nordea Investment Management AB lifted its holdings in TE Connectivity by 5.3% in the fourth quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock valued at $114,430,000 after buying an additional 41,198 shares during the period. SG Americas Securities LLC boosted its stake in TE Connectivity by 518.3% in the fourth quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock valued at $21,876,000 after acquiring an additional 130,515 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in TE Connectivity by 184.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock worth $6,163,000 after acquiring an additional 28,449 shares during the period. Finally, Patten Group Inc. bought a new stake in shares of TE Connectivity during the 4th quarter valued at $220,000. 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.