Representative Josh Gottheimer (D-New Jersey) recently bought shares of TE Connectivity Ltd. NYSE: TEL. In a filing disclosed on February 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in TE Connectivity stock on January 23rd. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/31/2025.
- Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 1/31/2025.
- Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Mastercard NYSE: MA on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 1/30/2025.
- Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 1/30/2025.
TE Connectivity Stock Down 0.2 %
TE Connectivity stock traded down $0.35 during midday trading on Friday, reaching $152.87. The company's stock had a trading volume of 1,753,715 shares, compared to its average volume of 1,671,565. TE Connectivity Ltd. has a fifty-two week low of $137.61 and a fifty-two week high of $159.98. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The company has a market cap of $45.61 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.01 and a beta of 1.32. The business has a 50-day simple moving average of $146.79 and a 200-day simple moving average of $148.21.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $1.84 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, research analysts expect that TE Connectivity Ltd. will post 7.95 earnings per share for the current fiscal year.
TE Connectivity announced that its board has authorized a share buyback plan on Wednesday, October 30th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On TE Connectivity
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Optas LLC lifted its stake in TE Connectivity by 4.2% in the 3rd quarter. Optas LLC now owns 1,778 shares of the electronics maker's stock valued at $268,000 after buying an additional 71 shares in the last quarter. Modera Wealth Management LLC lifted its stake in TE Connectivity by 2.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after buying an additional 78 shares in the last quarter. King Luther Capital Management Corp lifted its stake in TE Connectivity by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 14,006 shares of the electronics maker's stock valued at $2,002,000 after buying an additional 83 shares in the last quarter. OLD National Bancorp IN lifted its stake in TE Connectivity by 3.6% in the 3rd quarter. OLD National Bancorp IN now owns 2,478 shares of the electronics maker's stock valued at $374,000 after buying an additional 85 shares in the last quarter. Finally, Ascent Wealth Partners LLC lifted its stake in TE Connectivity by 1.0% in the 4th quarter. Ascent Wealth Partners LLC now owns 8,610 shares of the electronics maker's stock valued at $1,231,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on TEL. StockNews.com cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Hsbc Global Res upgraded TE Connectivity from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Bank of America boosted their target price on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their target price on TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their target price on TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of "Hold" and an average price target of $167.00.
View Our Latest Report on TE Connectivity
Insider Activity at TE Connectivity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $151.13, for a total transaction of $587,744.57. Following the transaction, the insider now owns 25,976 shares of the company's stock, valued at $3,925,752.88. This represents a 13.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.90% of the stock is owned by corporate insiders.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
TE Connectivity Company Profile
(
Get Free Report)
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.
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