Oppenheimer Sticks to Their Hold Rating for TE Connectivity (TEL)

Oppenheimer analyst Christopher Glynn maintained a Hold rating on TE Connectivity (TEL – Research Report) today. The company’s shares closed yesterday at $140.00.

According to TipRanks, Glynn is a 5-star analyst with an average return of 15.9% and a 62.05% success rate. Glynn covers the Industrials sector, focusing on stocks such as Eaton, Regal Rexnord, and Wesco International.

In addition to Oppenheimer, TE Connectivity also received a Hold from Truist Financial’s William Stein in a report issued today. However, on the same day, Robert W. Baird maintained a Buy rating on TE Connectivity (NYSE: TEL).

TEL market cap is currently $44.23B and has a P/E ratio of 13.60.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEL in relation to earlier this year. Most recently, in January 2024, Steven Merkt, the President of TEL sold 99,777.00 shares for a total of $14,367,888.00.

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TE Connectivity (TEL) Company Description:

Switzerland-based TE Connectivity Ltd. designs, manufactures and sells connectivity and sensor solutions. The company, which was founded in 2000, operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.