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

StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a research report released on Monday morning. The firm issued a buy rating on the electronics maker’s stock.

TEL has been the topic of a number of other research reports. Hsbc Global Res raised TE Connectivity to a hold rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on TE Connectivity from $170.00 to $169.00 and set a neutral rating on the stock in a report on Thursday, April 25th. Bank of America raised their target price on TE Connectivity from $165.00 to $170.00 and gave the company a buy rating in a report on Thursday, July 18th. Robert W. Baird raised their target price on TE Connectivity from $162.00 to $170.00 and gave the company an outperform rating in a report on Thursday, July 25th. Finally, HSBC downgraded TE Connectivity from a buy rating to a hold rating and set a $162.00 target price on the stock. in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $158.45.

TE Connectivity Price Performance

TE Connectivity stock opened at $145.13 on Monday. The stock’s fifty day moving average price is $150.44 and its two-hundred day moving average price is $146.30. TE Connectivity has a one year low of $115.00 and a one year high of $159.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. The firm has a market cap of $44.11 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the company earned $1.77 EPS. The company’s revenue was up .1% on a year-over-year basis. As a group, research analysts expect that TE Connectivity will post 7.56 EPS for the current fiscal year.

Insider Activity at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 59,700 shares of TE Connectivity stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the transaction, the chief financial officer now directly owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TE Connectivity news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the transaction, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Heath A. Mitts sold 59,700 shares of TE Connectivity stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total value of $9,235,590.00. Following the transaction, the chief financial officer now directly owns 38,073 shares in the company, valued at $5,889,893.10. The disclosure for this sale can be found here. Insiders have sold a total of 76,363 shares of company stock valued at $11,791,461 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC raised its position 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 worth $26,000 after acquiring an additional 91 shares in the last quarter. Salem Investment Counselors Inc. raised its position 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 worth $27,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc raised its position in shares of TE Connectivity by 209.8% in the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 128 shares in the last quarter. Olistico Wealth LLC bought a new position in shares of TE Connectivity in the 2nd quarter worth about $30,000. Finally, Godsey & Gibb Inc. raised its position 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 worth $33,000 after acquiring an additional 114 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

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.