TE Connectivity (NYSE:TEL) Sets New 12-Month High at $153.80

TE Connectivity Ltd. (NYSE:TEL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $153.80 and last traded at $153.51, with a volume of 1414329 shares traded. The stock had previously closed at $149.76.

Analysts Set New Price Targets

Several research firms have recently issued reports on TEL. StockNews.com began coverage on shares of TE Connectivity in a research report on Wednesday, July 3rd. They issued a “buy” rating for the company. Jefferies Financial Group began coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Wells Fargo & Company lowered their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Finally, Robert W. Baird lowered their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $155.13.

TE Connectivity Stock Performance

The company has a market capitalization of $47.01 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The company’s fifty day simple moving average is $148.80 and its two-hundred day simple moving average is $143.66.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. Equities research analysts predict that TE Connectivity Ltd. will post 7.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. JFS Wealth Advisors LLC boosted its stake in TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. boosted its stake in TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc boosted its stake in TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 128 shares during the period. Olistico Wealth LLC acquired a new position in TE Connectivity during the 2nd quarter valued at about $30,000. Finally, Bruce G. Allen Investments LLC acquired a new position in TE Connectivity during the 4th quarter valued at about $30,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.