TE Connectivity (TEL): New Buy Recommendation for This Technology Giant

Goldman Sachs analyst Mark Delaney reiterated a Buy rating on TE Connectivity (TELResearch Report) on November 2 and set a price target of $160.00. The company’s shares opened today at $115.39.

According to TipRanks, Delaney is a 4-star analyst with an average return of 8.2% and a 56.67% success rate. Delaney covers the Technology sector, focusing on stocks such as National Instruments, Cerence, and Jabil Circuit.

Currently, the analyst consensus on TE Connectivity is a Moderate Buy with an average price target of $134.50, representing a 16.56% upside. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $133.00 price target.

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TEL market cap is currently $36.13B and has a P/E ratio of 15.12.

Based on the recent corporate insider activity of 57 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 August 2022, Terrence Curtin, the Chief Exec. Officer & Director of TEL sold 103,000.00 shares for a total of $13,541,071.75.

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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