Sanford C. Bernstein Upgrades TE Connectivity (NYSE:TEL) to “Strong-Buy”

TE Connectivity (NYSE:TEL) was upgraded by analysts at Sanford C. Bernstein to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

A number of other analysts also recently issued reports on TEL. UBS Group reissued a “buy” rating and set a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. Citigroup dropped their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company upped their price target on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. Robert W. Baird dropped their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, Evercore reaffirmed an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a research note on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.36.

TE Connectivity Stock Performance

NYSE TEL opened at $213.46 on Wednesday. The firm has a market capitalization of $61.80 billion, a P/E ratio of 20.93, a PEG ratio of 1.43 and a beta of 1.16. The stock has a 50-day simple moving average of $207.86 and a two-hundred day simple moving average of $208.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. TE Connectivity has a fifty-two week low of $190.27 and a fifty-two week high of $252.56.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the company earned $2.27 earnings per share. TE Connectivity’s revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities analysts forecast that TE Connectivity will post 11.48 earnings per share for the current year.

Institutional Investors Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEL. State Street Corp lifted its stake in shares of TE Connectivity by 5.7% in the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after buying an additional 730,084 shares in the last quarter. Wellington Management Group LLP lifted its stake in TE Connectivity by 48.2% in the 2nd 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of TE Connectivity by 2.6% during the 4th 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 increased its holdings in shares of TE Connectivity by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after purchasing an additional 144,353 shares during the last quarter. Finally, Norges Bank purchased a new position in TE Connectivity during the fourth quarter worth approximately $938,706,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Company Profile

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.