The stock of TE Connectivity Ltd. (NYSE:TEL) last traded at $119.25, up 0.42% from the previous session.
Data from the available sources indicates that TE Connectivity Ltd. (NYSE:TEL) is covered by 19 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $160.00 and a low of $115.00, we find $142.00. Given the previous closing price of $118.75, this indicates a potential upside of 19.58 percent. TEL stock price is now -4.03% away from the 50-day moving average and -3.45% away from the 200-day moving average. The market capitalization of the company currently stands at $37.28B.
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In total, 9 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $140.23 as their price target over the next twelve months.
In other news, Jenkins John S, EVP & General Counsel sold 25,025 shares of the company’s stock on May 08. The stock was sold for $3,061,163 at an average price of $122.32. Upon completion of the transaction, the EVP & General Counsel now directly owns 22,486 shares in the company, valued at $2.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01, EVP & Chief Financial Officer MITTS HEATH A sold 9,418 shares of the business’s stock. A total of $1,159,564 was realized by selling the stock at an average price of $123.12. This leaves the insider owning 28,163 shares of the company worth $3.36 million. Insiders disposed of 351,005 shares of company stock worth roughly $41.86 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TEL stock. A new stake in TE Connectivity Ltd. shares was purchased by PZENA INVESTMENT MANAGEMENT LLC during the first quarter worth $218,184,000. LA BANQUE POSTALE ASSET MANAGEMENT SA invested $19,409,000 in shares of TEL during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in TE Connectivity Ltd. valued at approximately $18,229,000. VIRGINIA RETIREMENT SYSTEM acquired a new stake in TEL for approximately $14,632,000. BOSTON COMMON ASSET MANAGEMENT, LLC purchased a new stake in TEL valued at around $13,079,000 in the second quarter. In total, there are 1,273 active investors with 95.50% ownership of the company’s stock.
During the past 12 months, TE Connectivity Ltd. has had a low of $104.76 and a high of $138.24. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.70, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $41.29B, which is based on a 18.00 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for TEL is $124.17 and a two-hundred day moving average price translates $123.45 for the stock.
The latest earnings results from TE Connectivity Ltd. (NYSE: TEL) was released for Mar, 2023. The net profit margin was 13.00% and return on equity was 19.60% for TEL. The company reported revenue of $4.16 billion for the quarter, compared to $4.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.82 percent. For the current quarter, analysts expect TEL to generate $4.03B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/18/2023 were paid a $0.59 dividend. On an annualized basis, this represents a $2.36 dividend and a 1.98% percent yield. There was an ex-dividend date of 08/17/2023 for this dividend. In terms of dividend payout ratio, TEL is presently at 33.50%.
TE Connectivity Ltd.(TEL) 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. The Transportation Solutions segment provides terminals and connector systems and components, sensors, relays, antennas, and application tooling products for use in the automotive, commercial transportation, and sensor markets. The Industrial Solutions segment offers terminals and connector systems and components; and interventional medical components, relays, heat shrink tubing, and wires and cables for industrial equipment, aerospace, defense, marine, medical, and energy markets. The Communications Solutions segment supplies electronic components, such as terminals and connector systems and components, relays, heat shrink tubing, and antennas for the data and devices, and appliances markets. TE Connectivity Ltd. sells its products to approximately 140 countries primarily through direct sales to manufacturers, as well as through third-party distributors. The company was formerly known as Tyco Electronics Ltd. and changed its name to TE Connectivity Ltd. in March 2011. TE Connectivity Ltd. was incorporated in 2000 and is based in Schaffhausen, Switzerland.
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