In a report released today, Colin Langan from Wells Fargo maintained a Hold rating on TE Connectivity (TEL – Research Report), with a price target of $152.00. The company’s shares closed yesterday at $140.48.
According to TipRanks, Langan is an analyst with an average return of -6.1% and a 46.77% success rate. Langan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Autoliv, and BorgWarner.
In addition to Wells Fargo, TE Connectivity also received a Hold from J.P. Morgan’s Samik Chatterjee in a report issued on April 11. However, on April 16, Robert W. Baird maintained a Buy rating on TE Connectivity (NYSE: TEL).
The company has a one-year high of $147.98 and a one-year low of $114.01. Currently, TE Connectivity has an average volume of 2.12M.
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.
Read More on TEL:
- TE Connectivity price target raised to $170 from $169 at JPMorgan
- TE Connectivity initiated with a Buy at Jefferies
- TE Connectivity removed from Conviction List at Goldman Sachs
- TE Connectivity Shareholders Approve Stock Plan and Bylaws Update
- TE Connectivity to change place of incorporation to Ireland
