TE Connectivity (NYSE:TEL) Now Covered by Analysts at Sanford C. Bernstein

Equities researchers at Sanford C. Bernstein assumed coverage on shares of TE Connectivity (NYSE:TEL) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $243.00 price target on the electronics maker’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 13.07% from the company’s previous close.

Other research analysts have also issued reports about the company. Barclays upped their target price on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. UBS Group restated a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a research note on Thursday, July 23rd. Citigroup cut their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Robert W. Baird cut their target price on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $251.36.

TE Connectivity Stock Performance

Shares of NYSE TEL traded down $3.69 during trading hours on Wednesday, reaching $214.90. The stock had a trading volume of 2,316,098 shares, compared to its average volume of 1,914,355. The business’s fifty day moving average is $208.41 and its two-hundred day moving average is $209.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The company has a market cap of $62.22 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.46 and a beta of 1.16. TE Connectivity has a twelve month low of $190.27 and a twelve month high of $252.56.

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

Institutional Trading of TE Connectivity

Large investors have recently bought and sold shares of the stock. State Street Corp grew its position in TE Connectivity by 5.7% in the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock valued at $2,750,079,000 after acquiring an additional 730,084 shares during the period. Wellington Management Group LLP grew its holdings in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock worth $1,554,259,000 after purchasing an additional 2,507,569 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after purchasing an additional 161,967 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of TE Connectivity by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock worth $1,001,907,000 after purchasing an additional 144,353 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TE Connectivity during the fourth quarter worth $938,706,000. 91.43% of the stock is currently owned by institutional investors.

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.