J.P. Morgan Reaffirms Their Hold Rating on TE Connectivity (TEL)

In a report released yesterday, Samik Chatterjee from J.P. Morgan maintained a Hold rating on TE Connectivity (TELResearch Report), with a price target of $135.00. The company’s shares closed last Thursday at $131.23.

According to, Chatterjee is a 5-star analyst with an average return of 13.0% and a 54.5% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.

TE Connectivity has an analyst consensus of Moderate Buy, with a price target consensus of $141.82, representing a 9.4% upside. In a report released yesterday, Truist Financial also maintained a Hold rating on the stock with a $124.00 price target.

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The company has a one-year high of $166.44 and a one-year low of $107.12. Currently, TE Connectivity has an average volume of 1.57M.

Based on the recent corporate insider activity of 63 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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