TE Connectivity (TEL) Receiving Somewhat Positive News Coverage, Analysis Shows

News headlines about TE Connectivity (NYSE:TEL) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TE Connectivity earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 46.1658713115647 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

Several analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of TE Connectivity from $97.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Stifel Nicolaus increased their target price on shares of TE Connectivity from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Cross Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Finally, Cowen reiterated an “outperform” rating and issued a $110.00 target price (up previously from $95.00) on shares of TE Connectivity in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $151.93.

TE Connectivity (TEL) traded down $0.69 during midday trading on Thursday, reaching $95.54. 812,842 shares of the company were exchanged, compared to its average volume of 1,449,351. TE Connectivity has a 1-year low of $66.20 and a 1-year high of $97.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. The stock has a market capitalization of $33,725.52, a P/E ratio of 19.86, a PEG ratio of 1.67 and a beta of 1.08.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. research analysts predict that TE Connectivity will post 5.27 earnings per share for the current fiscal year.

TE Connectivity announced that its board has initiated a share repurchase program on Friday, December 8th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the electronics maker to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.

In related news, insider Thomas J. Lynch sold 52,650 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $94.32, for a total transaction of $4,965,948.00. Following the completion of the sale, the insider now owns 136,336 shares in the company, valued at $12,859,211.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas J. Lynch sold 130,617 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $91.29, for a total transaction of $11,924,025.93. Following the sale, the insider now owns 429,500 shares of the company’s stock, valued at approximately $39,209,055. The disclosure for this sale can be found here. Insiders have sold 759,805 shares of company stock valued at $69,542,539 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

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TE Connectivity Company Profile

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.

Insider Buying and Selling by Quarter for TE Connectivity (NYSE:TEL)

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