TE Connectivity Ltd. (NYSE: TEL) is 7.76% higher on its value in year-to-date trading and has touched a low of $48.62 and a high of $131.75 in the current 52-week trading range. The TEL stock was last observed hovering at around $130.47 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $127.50 for the next 12 months. It is also 8.12% off the consensus price target high of $142.00 offered by 20 analysts, but current levels are -63.09% lower than the price target low of $80.00 for the same period.
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Currently trading at $130.47, the stock is 8.66% and 14.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing 0.00% at the moment leaves the stock 40.49% off its SMA200. TEL registered 33.04% gain for a year compared to 6-month gain of 63.52%. The firm has a 50-day simple moving average (SMA 50) of $118.75 and a 200-day simple moving average (SMA200) of $101.40.
The stock witnessed a 9.80% loss in the last 1 month and extending the period to 3 months gives it a 21.54%, and is 8.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.27% over the week and 1.82% over the month.
TE Connectivity Ltd. (TEL) has around 82000 employees, a market worth around $42.55B and $12.17B in sales. Fwd P/E is 21.49. Profit margin for the company is -2.00%. Distance from 52-week low is 168.35% and -0.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.80%).
TE Connectivity Ltd. (TEL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for TE Connectivity Ltd. (TEL) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.10, where 6 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
TE Connectivity Ltd. is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $1.27 with sales reaching $3.23B over the same period.The EPS is expected to shrink by -113.60% this year, but quarterly earnings will post 9.30% year-over-year. Quarterly sales are estimated to grow 2.10% in year-over-year returns.
TE Connectivity Ltd. (TEL) Top Institutional Holders
1,019 institutions hold shares in TE Connectivity Ltd. (TEL), with 644.95k shares held by insiders accounting for 0.19% while institutional investors hold 95.08% of the company’s shares. The shares outstanding are 329.00M, and float is at 321.80M with Short Float at 1.17%. Institutions hold 94.89% of the Float.
The top institutional shareholder in the company is Dodge & Cox Inc with over 30.58 million shares valued at $2.99 billion. The investor’s holdings represent 9.03% of the TEL Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 25.33 million shares valued at $2.48 billion to account for 7.48% of the shares outstanding. The other top investors are Blackrock Inc. which holds 18.18 million shares representing 5.37% and valued at over $1.78 billion, while Capital World Investors holds 5.28% of the shares totaling 17.87 million with a market value of $1.75 billion.
TE Connectivity Ltd. (TEL) Insider Activity
A total of 109 insider transactions have happened at TE Connectivity Ltd. (TEL) in the last six months, with sales accounting for 58 and purchases happening 51 times. The most recent transaction is an insider sale by Stucki Aaron Kyle, the company’s Pres. Communications Solutions. SEC filings show that Stucki Aaron Kyle sold 13,150 shares of the company’s common stock on Jan 06 at a price of $125.00 per share for a total of $1.64 million. Following the sale, the insider now owns 11790.0 shares.
TE Connectivity Ltd. disclosed in a document filed with the SEC on Jan 04 that Stucki Aaron Kyle (Pres. Communications Solutions) sold a total of 5,275 shares of the company’s common stock. The trade occurred on Jan 04 and was made at $120.65 per share for $0.64 million. Following the transaction, the insider now directly holds 11790.0 shares of the TEL stock.
Still, SEC filings show that on Dec 11, CURTIN TERRENCE R (Chief Exec. Officer & Director) disposed off 13,001 shares at an average price of $118.21 for $1.54 million. The insider now directly holds 94,969 shares of TE Connectivity Ltd. (TEL).
TE Connectivity Ltd. (TEL): Who are the competitors?
The company’s main competitors (and peers) include Corning Incorporated (GLW) that is trading 24.68% up over the past 12 months. Short interest in the company’s stock has risen 17.2% from the last report on Nov 12, 2020 to stand at a total of 3.13 million short shares sold with a short interest ratio of 2.23.