TE Connectivity (TEL) Stock Price, News & Analysis

Company Overview

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. The company 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 founded in 1941 and is based in Schaffhausen, Switzerland.

Key Stats

• Today's Range: $142.23 to $145.67
• 50-Day Range: $143.67 to $155.20
• 52-Week Range: $128.52 to $159.98
• Volume: 4.37 million shs
• Average Volume: 1.81 million shs
• Market Capitalization: $42.98 billion
• P/E Ratio: 13.99
• Dividend Yield: 1.81%
• Price Target: $159.36
• Consensus Rating: Hold

TE Connectivity Stock Analysis - MarketRank™

TE Connectivity scored higher than 90% of companies evaluated by MarketBeat, and ranked 101st out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

TE Connectivity has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

TE Connectivity has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.46%

Earnings Growth

Earnings for TE Connectivity are expected to grow by 9.46% in the coming year, from $8.14 to $8.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TE Connectivity is 13.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of TE Connectivity is 13.99, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.11.

Price to Earnings Growth Ratio

TE Connectivity has a PEG Ratio of 2.04. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

TE Connectivity has a P/B Ratio of 3.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.00% of the float of TE Connectivity has been sold short.

Short Interest Ratio / Days to Cover

TE Connectivity has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TE Connectivity has recently increased by 37.61%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

TE Connectivity pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

TE Connectivity does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TE Connectivity is 25.32%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, TE Connectivity will have a dividend payout ratio of 29.18% next year. This indicates that TE Connectivity will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.0 / 5
• Environmental Score: -2.73

Percentage of Shares Shorted

1.00% of the float of TE Connectivity has been sold short.

Short Interest Ratio / Days to Cover

TE Connectivity has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in TE Connectivity has recently increased by 37.61%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.70

News Sentiment

TE Connectivity has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for TE Connectivity this week, compared to 10 articles on an average week.

Search Interest

Only 8 people have searched for TEL on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

MarketBeat Follows

6 people have added TE Connectivity to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TE Connectivity insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.86% of the stock of TE Connectivity is held by insiders.

Percentage Held by Institutions

91.43% of the stock of TE Connectivity is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TEL Stock Analysis - Frequently Asked Questions

How have TEL shares performed this year?

TE Connectivity's stock was trading at $140.50 at the beginning of the year. Since then, TEL stock has increased by 2.3% and is now trading at $143.67.
View the best growth stocks for 2024 here.

How were TE Connectivity's earnings last quarter?

TE Connectivity Ltd. (NYSE:TEL) announced its quarterly earnings results on Wednesday, October, 30th. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.95. The company's revenue was up .8% on a year-over-year basis.
Read the conference call transcript.

Is TE Connectivity buying back stock?

TE Connectivity's board authorized a share repurchase plan on Wednesday, October 30th 2024, which allows the company to repurchase $2,500,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Does TE Connectivity have any subsidiaries?

TE Connectivity subsidiaries include these companies: First Sensor, Alpha Technics, ABB ENTRELEC terminal block business, MicroGroup, Creganna, AdvancedCath, Polamco, and more.

Who are TE Connectivity's major shareholders?

TE Connectivity's top institutional shareholders include State Street Corp (4.30%), Geode Capital Management LLC (2.00%), Massachusetts Financial Services Co. MA (1.56%) and Impax Asset Management Group plc (1.14%). Insiders that own company stock include Terrence R Curtin, Heath A Mitts, Steven T Merkt, Shadrak W Kroeger, Robert J Ott, John S Jenkins, Aaron Kyle Stucki, Tim Murphy, Thomas J Lynch and Mark Trudeau.
View institutional ownership trends.

How do I buy shares of TE Connectivity?

Shares of TEL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TE Connectivity own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TE Connectivity investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 10/30/2024
• Ex-Dividend for 11/21 Dividend: 11/21/2024
• Dividend Payable: 11/21/2024
• Ex-Dividend for 12/6 Dividend: 11/22/2024
• Dividend Payable: 12/06/2024
• Today: 12/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Electronic parts & equipment, not elsewhere classified
• Sub-Industry: Wholesale
• Current Symbol: NYSE:TEL
• CUSIP: N/A
• CIK: 1385157
• Web: www.te.com
• Phone: (152) 633-6661
• Fax: 41-52-633-6699
• Employees: 87,000
• Year Founded: 2007

Price Target and Rating

• Average Stock Price Target: $159.36
• High Stock Price Target: $180.00
• Low Stock Price Target: $137.00
• Potential Upside/Downside: +10.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $10.27
• Trailing P/E Ratio: 13.99
• Forward P/E Ratio: 17.65
• P/E Growth: 2.04
• Net Income: $3.19 billion
• Net Margins: 20.15%
• Pretax Margin: 17.65%
• Return on Equity: 18.48%
• Return on Assets: 10.20%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 1.61
• Quick Ratio: 1.08

Sales & Book Value

• Annual Sales: $15.85 billion
• Price / Sales: 2.71
• Cash Flow: $9.96 per share
• Price / Cash Flow: 14.42
• Book Value: $40.65 per share
• Price / Book: 3.53

Miscellaneous

• Outstanding Shares: 299,162,000
• Free Float: 296,589,000
• Market Cap: $42.98 billion
• Optionable: Optionable
• Beta: 1.32