StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL - Get Free Report) in a report released on Sunday. The firm set a "buy" rating on the electronics maker's stock.
A number of other equities research analysts have also issued reports on TEL. JPMorgan Chase & Co. reduced their target price on shares of 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 reduced their target price on shares of TE Connectivity from $159.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group assumed coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They set a "buy" rating and a $180.00 target price on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of TE Connectivity in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $153.89.
View Our Latest Research Report on TE Connectivity
TE Connectivity Stock Performance
NYSE:TEL opened at $149.17 on Friday. 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 market capitalization of $45.68 billion, a P/E ratio of 13.65, a PEG ratio of 2.20 and a beta of 1.35. The company has a 50 day moving average price of $145.83 and a 200 day moving average price of $141.29. TE Connectivity has a fifty-two week low of $115.00 and a fifty-two week high of $152.79.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.65 EPS. Equities research analysts forecast that TE Connectivity will post 7.5 EPS for the current year.
Insider Buying and Selling
In related news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction on Monday, April 29th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the firm'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 transaction, the insider now directly owns 25,976 shares of the company's stock, valued at approximately $3,892,763.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Trudeau sold 7,044 shares of the firm'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 transaction, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TEL. Price T Rowe Associates Inc. MD grew its position in TE Connectivity by 54.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,596,370 shares of the electronics maker's stock worth $2,265,218,000 after purchasing an additional 5,526,230 shares during the last quarter. Norges Bank purchased a new position in TE Connectivity during the 4th quarter worth $693,985,000. Qube Research & Technologies Ltd purchased a new position in TE Connectivity during the 3rd quarter worth $165,640,000. First Trust Advisors LP boosted its holdings in shares of TE Connectivity by 150.9% in the fourth quarter. First Trust Advisors LP now owns 2,143,423 shares of the electronics maker's stock valued at $301,151,000 after acquiring an additional 1,289,230 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of TE Connectivity by 1,000.5% in the first quarter. Assenagon Asset Management S.A. now owns 1,335,477 shares of the electronics maker's stock valued at $193,965,000 after acquiring an additional 1,214,122 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Company Profile
(Get Free Report)
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.
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