Are Analysts Bearish TE Connectivity Ltd. (NYSE:TEL) After Last Week?

June 14, 2018 - By Adrian Mccoy

TE Connectivity Ltd. (NYSE:TEL) LogoInvestors sentiment decreased to 0.82 in 2018 Q1. Its down 0.20, from 1.02 in 2017Q4. It fall, as 50 investors sold TE Connectivity Ltd. shares while 229 reduced holdings. 71 funds opened positions while 159 raised stakes. 309.75 million shares or 2.21% more from 303.06 million shares in 2017Q4 were reported.
Hl Fincl Serv Limited Liability Corporation has 1.41M shares for 2.5% of their portfolio. Nuveen Asset Mgmt Limited Liability Company owns 8,320 shares. Naples Lc, Florida-based fund reported 7,499 shares. Financial Bank Of Hawaii reported 11,920 shares. Ellington Mngmt Ltd Liability reported 4,600 shares. Alliancebernstein L P reported 422,891 shares. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt Sys has 0.04% invested in TE Connectivity Ltd. (NYSE:TEL) for 31,426 shares. Carroll Inc stated it has 0% in TE Connectivity Ltd. (NYSE:TEL). State Teachers Retirement accumulated 571,618 shares or 0.14% of the stock. Bokf Na, a Oklahoma-based fund reported 21,871 shares. Aristotle Cap Mngmt Ltd Llc owns 300 shares for 0% of their portfolio. Cibc Asset Management Inc has 0.01% invested in TE Connectivity Ltd. (NYSE:TEL). Mark Sheptoff Finance Planning Limited Liability Com accumulated 0.01% or 100 shares. Arizona State Retirement System accumulated 127,430 shares. Bb&T Securities Limited Liability Corp invested in 57,328 shares.

Since January 29, 2018, it had 0 buys, and 6 insider sales for $37.00 million activity. 17,100 shares were sold by Murphy Tim, worth $1.65 million on Monday, May 21. Shares for $3.78M were sold by Jenkins John S on Thursday, February 1. The insider CURTIN TERRENCE R sold 142,450 shares worth $14.85 million. LYNCH THOMAS J sold 76,183 shares worth $7.73 million.

TE Connectivity Ltd. (NYSE:TEL) Ratings Coverage

Among 9 analysts covering TE Connectivity (NYSE:TEL), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. TE Connectivity had 15 analyst reports since January 3, 2018 according to SRatingsIntel. As per Monday, January 15, the company rating was maintained by RBC Capital Markets. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, January 18 report. As per Thursday, January 25, the company rating was maintained by Citigroup. RBC Capital Markets maintained the shares of TEL in report on Wednesday, January 3 with “Buy” rating. The stock of TE Connectivity Ltd. (NYSE:TEL) has “Buy” rating given on Wednesday, January 24 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, January 24 by RBC Capital Markets. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, April 26 report. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Hold” rating by SunTrust on Thursday, January 25. The stock of TE Connectivity Ltd. (NYSE:TEL) earned “Neutral” rating by Goldman Sachs on Wednesday, April 18. As per Thursday, January 25, the company rating was maintained by Morgan Stanley. Below is a list of TE Connectivity Ltd. (NYSE:TEL) latest ratings and price target changes.

26/04/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $111 New Target: $117 Maintain
18/04/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
17/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $123.0000 Maintain
02/04/2018 Broker: Oppenheimer Rating: Buy New Target: $120.0000 Initiate
26/03/2018 Broker: Oppenheimer Rating: Buy New Target: $120.0000 Initiate
25/01/2018 Broker: SunTrust Rating: Hold New Target: $102.0 Maintain
25/01/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $102 New Target: $111 Maintain
25/01/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $112 New Target: $120 Maintain
25/01/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $106 New Target: $119 Maintain
24/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $115.0 Maintain

The stock increased 2.24% or $2.18 during the last trading session, reaching $99.32. About 1.44M shares traded. TE Connectivity Ltd. (NYSE:TEL) has risen 20.40% since June 14, 2017 and is uptrending. It has outperformed by 7.83% the S&P500.

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia–Pacific. The company has market cap of $34.78 billion. The firm operates through three divisions: Transportation Solutions, Industrial Solutions, and Communications Solutions. It has a 28.69 P/E ratio. The Transportation Solutions segment primarily provides terminals and connector systems and components, sensors, and relays, as well as application tooling and wires, and heat shrink tubing for use in the automotive, commercial transportation, and sensor markets.

Another recent and important TE Connectivity Ltd. (NYSE:TEL) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in TE Connectivity, Nutrien, Cheetah Mobile, Unilever NV, B2Gold, and Piedmont …” on June 08, 2018.

TE Connectivity Ltd. (NYSE:TEL) Ratings Chart

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