TE Connectivity Ltd. (NYSE:TEL)‘s stock had its “buy” rating reiterated by Cowen and Company in a research note issued on Thursday. They presently have a $95.00 price target on the electronics maker’s stock. Cowen and Company’s target price suggests a potential upside of 17.01% from the stock’s previous close.
Several other analysts also recently commented on TEL. Deutsche Bank AG increased their target price on TE Connectivity from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Morgan Stanley increased their target price on TE Connectivity from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $86.00 target price (up from $82.00) on shares of TE Connectivity in a research note on Saturday, April 29th. Finally, Zacks Investment Research downgraded TE Connectivity from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. TE Connectivity currently has an average rating of “Buy” and a consensus price target of $83.43.
Shares of TE Connectivity (NYSE:TEL) opened at 81.19 on Thursday. The company’s 50-day moving average price is $80.25 and its 200-day moving average price is $76.74. TE Connectivity has a one year low of $59.62 and a one year high of $85.20. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of 17.24 and a beta of 1.06.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating the consensus estimate of $1.17 by $0.07. TE Connectivity had a return on equity of 19.76% and a net margin of 12.98%. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the business posted $1.08 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that TE Connectivity will post $4.74 earnings per share for the current year.
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In other news, SVP Mario Calastri sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $80.23, for a total transaction of $481,380.00. Following the transaction, the senior vice president now directly owns 23,078 shares of the company’s stock, valued at approximately $1,851,547.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joseph B. Donahue sold 6,300 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.70, for a total value of $508,410.00. Following the transaction, the chief operating officer now directly owns 34,609 shares in the company, valued at $2,792,946.30. The disclosure for this sale can be found here. Insiders have sold a total of 740,407 shares of company stock worth $58,811,039 over the last three months. Insiders own 1.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TEL. Daiwa SB Investments Ltd. purchased a new position in TE Connectivity during the first quarter valued at $101,000. Guardian Life Insurance Co. of America boosted its position in shares of TE Connectivity by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock worth $102,000 after buying an additional 9 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of TE Connectivity by 17.8% in the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after buying an additional 200 shares in the last quarter. First Command Bank boosted its position in shares of TE Connectivity by 19.6% in the second quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock worth $106,000 after buying an additional 221 shares in the last quarter. Finally, Webster Bank N. A. boosted its position in shares of TE Connectivity by 675.0% in the first quarter. Webster Bank N. A. now owns 1,550 shares of the electronics maker’s stock worth $116,000 after buying an additional 1,350 shares in the last quarter. 90.21% of the stock is currently owned by hedge funds and other institutional investors.
About TE Connectivity
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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