TE Connectivity (NYSE:TEL) Upgraded at Sanford C. Bernstein

TE Connectivity (NYSE:TEL) was upgraded by analysts at Sanford C. Bernstein to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other analysts have also recently weighed in on the company. UBS Group reissued a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. Evercore reiterated an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company raised their price target on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. Citigroup dropped their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $251.36.

TE Connectivity Trading Down 0.4%

NYSE TEL opened at $213.46 on Wednesday. TE Connectivity has a 52 week low of $190.27 and a 52 week high of $252.56. The company has a 50 day moving average price of $207.86 and a 200 day moving average price of $208.86. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The firm has a market cap of $61.80 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, sell-side analysts forecast that TE Connectivity will post 11.48 EPS for the current fiscal year.

Institutional Trading of TE Connectivity

Several large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in shares of TE Connectivity by 8.1% in the second quarter. QRG Capital Management Inc. now owns 154,278 shares of the electronics maker’s stock worth $31,104,000 after purchasing an additional 11,519 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in TE Connectivity by 24.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,104 shares of the electronics maker’s stock valued at $2,239,000 after buying an additional 2,146 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in TE Connectivity by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,504,559 shares of the electronics maker’s stock worth $303,332,000 after buying an additional 48,212 shares during the period. State Street Corp increased its holdings in TE Connectivity by 5.7% in the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after buying an additional 730,084 shares during the period. Finally, Security National Bank of Sioux City Iowa IA raised its position in TE Connectivity by 26.6% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 17,918 shares of the electronics maker’s stock worth $3,612,000 after buying an additional 3,765 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.