TE Connectivity (NYSE:TEL) Stock

TE Connectivity

TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.

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TE Connectivity to acquire Richards Manufacturing for $2.3 billion to expand in energy market, generating mid-teens returns and enhancing sales growth.

TE Connectivity Snaps Up Richards Manufacturing For $2.3 Billion: Details

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Lockheed Martin shares gained 2.8% to close at $515.20 on Wednesday. Analysts also take a look at TE Connectivity on CNBC&#39;s &#34;Final Trades.&#34;

Lockheed Martin, TE Connectivity And More: CNBC&#39;s &#39;Final Trades&#39;

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TE Connectivity reported Q2 2024 net sales of $3.97B, down 5% Y/Y but beating consensus. EPS of $1.86 also beat consensus. Orders were $4B, up 6% Q/Q. Company expects Q3 net sales of $4.0B and EPS of $1.85. Stock gained 12% in last year. Exposure through SHOC and MOTO ETFs. TEL trading lower at $142.00 premarket.

TE Connectivity Beats Q2 Earnings Estimates, Sees Growth in Orders Across All Segments

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TE Connectivity plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) shares are trading lower on Wednesday after the company agreed to acquire Richards Manufacturing Co. from Oaktree Capital Management and the Bier family in an all-cash <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43652224/te-connectivity-to-acquire-richards-manufacturing-to-expand-position-in-fast-growing-energy-market" rel="noreferrer noopener">transaction of around&nbsp;$2.3 billion</a>.
The deal enhances TE&#8217;s position in North America&#8217;s electrical utility market by integrating complementary products and leveraging Richards&#8217; expertise to capitalize on growth in underground electrical networks.
The company expects the acquisition to generate mid-teens returns on invested capital, driven by tax, revenue, and cost synergies.
The transaction is expected to close in TE Connectivity&#8217;s fiscal third-quarter ending June 2025.
The company plans to integrate business into its Industrial Solutions segment, contributing approximately $400 million in annual sales with <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">EBITDA margins in the mid-30% range</a>.
The deal is expected to boost TE&#8217;s sales growth and operating margins, with an anticipated 10 cents accretion to adjusted EPS in the first full year, excluding acquisition-related expenses.
TE Connectivity CEO&nbsp;Terrence Curtin said, &#8220;The acquisition of Richards Manufacturing aligns with our strategy and positions us to further capitalize on an accelerating grid replacement and upgrade cycle in&nbsp;North America, driven by aging infrastructure, the increased hardening of the network and the upgrades that are required to support the increase in energy demand.&#8221;
The company plans to finance the transaction through cash and additional debt. As of December&nbsp;27, TE&#8217;s cash and cash equivalents stood at $1.254 billion.
Last month, TE Connectivity reported first-quarter 2025 adjusted EPS of $1.95, surpassing the $1.89 estimate, while sales of $3.84 billion fell short <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43122031/te-connectivity-announces-first-quarter-results-for-fiscal-year-2025" rel="noreferrer noopener">of the $3.91 billion estimate</a>.
Investors can gain exposure to the stock via Investment Managers Series Trust III FPA Global Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FPAG#BATS">FPAG</a>) and Vesper US Large Cap Short-Term Reversal Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTRN#NYSE">UTRN</a>).
Price Action: TE shares are down 2.07% at $145.78 at the last check Wednesday.
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Photo via Shutterstock.

TE Connectivity Entered Into A Definitive Agreement To Acquire Richards Manufacturing Co. From Funds Managed By Oaktree Capital Management, L.P. And Members Of The Bier Family, Long-standing Owners And Leaders Of The Business In All-cash Transaction Is Valued At Around $2.3B

The €750 million senior notes due 2033 will be issued at a price of 99.136% and will have a stated interest rate of 3.250% per year, payable annually.
TE Connectivity intends to use the net proceeds of this offering for general corporate purposes, which may include the repayment of outstanding debt.

Reported Earlier, TE Connectivity Prices €750M 3.250% Senior Notes Due 2033 To Support Corporate Initiatives

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Shares of companies within the broader tech sector are trading lower amid AI competition concerns from China's DeepSeek AI model.

Truist Securities analyst William Stein maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Hold and lowers the price target from $165 to $163.

Price Target

Analyst Ratings

Truist Securities Maintains Hold on TE Connectivity, Lowers Price Target to $163

Wells Fargo analyst Colin Langan maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Equal-Weight and raises the price target from $151 to $155.

Wells Fargo Maintains Equal-Weight on TE Connectivity, Raises Price Target to $155

B of A Securities analyst Wamsi Mohan maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Buy and raises the price target from $167 to $170.

B of A Securities Maintains Buy on TE Connectivity, Raises Price Target to $170

TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for TE Connectivity, revealing an average target of $155.25, a high estimate of $168.00, and a low estimate of $137.00. Experiencing a 1.95% decline, the current average is now lower than the previous average price target of $158.33. 
<img src="https://www.benzinga.com/files/images/story/2025/1737637229_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of TE Connectivity by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$168.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Asiya Merchant</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$151.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Stephen Bersey</td>
<td>HSBC</td>
<td>Announces</td>
<td>Reduce</td>
<td>$137.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to TE Connectivity. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of TE Connectivity compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of TE Connectivity's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of TE Connectivity's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TEL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on TE Connectivity analyst ratings.</a>
<h2>Get to Know TE Connectivity Better</h2>
TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.
<h3>Understanding the Numbers: TE Connectivity's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: TE Connectivity's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 0.82%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: TE Connectivity's net margin excels beyond industry benchmarks, reaching 6.78%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): TE Connectivity's ROE excels beyond industry benchmarks, reaching 2.21%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): TE Connectivity's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.21% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: TE Connectivity's debt-to-equity ratio is below the industry average. With a ratio of 0.35, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For TE Connectivity

Baird analyst Luke Junk maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Outperform and raises the price target from $162 to $168.

Baird Maintains Outperform on TE Connectivity, Raises Price Target to $168

Citigroup analyst Asiya Merchant maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Neutral and raises the price target from $160 to $165.

Citigroup Maintains Neutral on TE Connectivity, Raises Price Target to $165

TE Connectivity shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results.

For the second quarter of fiscal 2025, the company expects net sales of approximately $3.95 billion. GAAP EPS from continuing operations is expected to be approximately ($0.05), which includes a one-time non-cash tax charge due to changes in tax law in the second quarter of 2025. Adjusted EPS is expected to be approximately $1.96, up 5% year over year. Second quarter guidance includes $0.06 of currency exchange and tax headwinds compared to the prior year.

TE Connectivity Expects Q2 Net Sales Of $3.95B Vs $4.07B Est, Adj EPS Of $1.96 Vs $1.98 Est

Earnings Beats

Earnings Misses

TE Connectivity Q1 2025 Adj. EPS $1.95 Beats $1.89 Estimate, Sales $3.836B Miss $3.905B Estimate

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Earnings Scheduled For January 22, 2025

Wells Fargo analyst Colin Langan maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Equal-Weight and lowers the price target from $153 to $151.

Wells Fargo Maintains Equal-Weight on TE Connectivity, Lowers Price Target to $151

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Next Technology Holding Inc. - Ordinary Shares

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

HSBC analyst Stephen Bersey downgrades TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) from Hold to Reduce and announces $137 price target.

Downgrades

HSBC Downgrades TE Connectivity to Reduce, Announces $137 Price Target

Beginning in fiscal 2025, the company will have two reportable segments – Transportation Solutions and Industrial Solutions – resulting from a reorganization announced in the fourth quarter of fiscal 2024. The company will also provide recast financial information in an 8-K filing later this quarter.

From FY25 TE Connectivity Will Have 2 Reportable Segments, Transportation Solutions and Industrial Solutions Under Latest Reorganization

First Quarter FY25 Outlook For the first quarter of fiscal 2025, the company expects net sales of&nbsp;approximately $3.9 billion. GAAP EPS from continuing operations is expected to be $1.64 and adjusted EPS is expected to be $1.88. First quarter guidance includes&nbsp;$0.04 of tax headwinds compared to the prior year.

TE Connectivity Expects Q1 Net Sales Of $3.9B Vs $3.94B Est, Adj EPS Of $1.88 Vs $1.90 Est

TE Connectivity Q4 2024 Adj. EPS $1.95 Beats $1.94 Estimate, Sales $4.068B Beat $4.018B Estimate

Press Releases

TE Connectivity announces fourth quarter and fiscal 2024 results with full year records for operating margin, EPS and cash generation

TE Connectivity to report first quarter financial results on January 22, 2025

TE Connectivity named to Dow Jones Sustainability Index for 13th year

TE Connectivity to hold annual general meeting of shareholders on March 12, 2025

TE Connectivity earns top score from Human Rights Campaign Foundation

TE Connectivity announces first quarter results for fiscal year 2025

Former WM CEO David Steiner Joins AMP's Board of Directors

Offerings

TE Connectivity announces pricing of €750 million 3.250% senior notes offering

TE Connectivity named among World's Most Admired Companies by Fortune magazine for the eighth consecutive year

Commodities

TE Connectivity to acquire Richards Manufacturing to expand position in fast-growing energy market

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