In yesterday’s Wall Street session, TE Connectivity Ltd (NYSE:TEL) shares traded at $140.48, up 0.34% from the previous session.
TEL stock price is now -1.47% away from the 50-day moving average and 4.23% away from the 200-day moving average. The market capitalization of the company currently stands at $43.38B.
With the price target of $180, Jefferies recently initiated with Buy rating for TE Connectivity Ltd (NYSE: TEL). On January 05, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $146, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Kroeger Shadrak W, Pres., Industrial Solutions sold 5,000 shares of the company’s stock on Mar 01 ’24. The stock was sold for $713,796 at an average price of $142.76. Upon completion of the transaction, the Pres., Industrial Solutions now directly owns 25,976 shares in the company, valued at $3.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, President, Transportation Sol. MERKT STEVEN T sold 99,777 shares of the business’s stock. A total of $14,367,888 was realized by selling the stock at an average price of $144.00. This leaves the insider owning 30,459 shares of the company worth $4.28 million. A total of 0.18% of the company’s stock is owned by insiders.
During the past 12 months, TE Connectivity Ltd has had a low of $115.00 and a high of $147.98. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 1.45, and a quick ratio of 0.92.
According to the Electronic Components Company, earnings per share came in at 1.77, beating analysts’ expectations of 1.66 by 0.11. This compares to $0.00 EPS in the same period last year. The net profit margin was 21.63% and return on equity was 29.19% for TEL. The company reported revenue of $3.83 billion for the quarter, compared to $3.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.26 percent. For the current quarter, analysts expect TEL to generate $4.05B in revenue.
