TE Connectivity Ltd. (NYSE:TEL) had its target price raised by SunTrust Banks, Inc. to $90.00 in a research note released on Thursday, The Fly reports. They currently have a hold rating on the electronics maker’s stock. The analysts noted that the move was a valuation call.
Other analysts have also issued research reports about the company. Royal Bank Of Canada lowered their target price on TE Connectivity from $100.00 to $95.00 and set an outperform rating for the company in a report on Thursday. Zacks Investment Research lowered TE Connectivity from a buy rating to a hold rating in a report on Tuesday, September 5th. Cowen and Company restated a buy rating and set a $95.00 target price on shares of TE Connectivity in a report on Thursday, August 10th. Finally, BidaskClub lowered TE Connectivity from a buy rating to a hold rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $93.50.
Shares of TE Connectivity (NYSE TEL) traded up $1.16 during midday trading on Thursday, hitting $92.73. The company had a trading volume of 1,218,847 shares, compared to its average volume of 1,110,696. The company has a quick ratio of 0.92, a current ratio of 1.54 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $32,769.30, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06. TE Connectivity has a 12-month low of $62.22 and a 12-month high of $93.11.
TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. TE Connectivity’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. equities research analysts anticipate that TE Connectivity will post 5.27 earnings per share for the current year.
In other news, COO Joseph B. Donahue sold 6,300 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $80.70, for a total transaction of $508,410.00. Following the transaction, the chief operating officer now directly owns 34,609 shares of the company’s stock, valued at $2,792,946.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas J. Lynch sold 130,616 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $83.37, for a total value of $10,889,455.92. Following the transaction, the insider now directly owns 429,499 shares in the company, valued at $35,807,331.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 453,566 shares of company stock worth $38,072,448. Insiders own 1.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Duncker Streett & Co. Inc. increased its position in shares of TE Connectivity by 17.8% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 200 shares during the period. First Command Bank increased its position in shares of TE Connectivity by 19.6% in the 2nd quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock valued at $106,000 after acquiring an additional 221 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of TE Connectivity by 38.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 384 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of TE Connectivity in the 2nd quarter valued at $126,000. Finally, Harfst & Associates Inc. increased its position in shares of TE Connectivity by 46.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock valued at $135,000 after acquiring an additional 544 shares during the period. 90.33% of the stock is currently owned by institutional investors and hedge funds.
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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