TE Connectivity (TEL)

• Market cap: $45.8B
• 1 day: 0.90%
• 5 days: 1.10%
• 1 month: 2.07%
• 3 months: 3.74%
• 6 months: 3.38%
• Year to date: 10.28%
• 1 year: 16.95%
• 5 years: 69.28%
• 10 years: 137.19%
• Sector: Industrials
• Industry: Electronic Parts & Equipment

About: 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.

Employees: 87,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

92% more call options, than puts

Call options by funds: $114M | Put options by funds: $59.1M

2% more repeat investments, than reductions

Existing positions increased: 333 | Existing positions reduced: 327

10% less funds holding

Funds holding: 993 [Q2] → 889 (-104) [Q3]

11.33% less ownership

Funds ownership: 92.89% [Q2] → 81.57% (-11.33%) [Q3]

13% less capital invested

Capital invested by funds: $42.8B [Q2] → $37.4B (-$5.42B) [Q3]

45% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 6 (-5) [Q3]

58% less first-time investments, than exits

New positions opened: 76 | Existing positions closed: 180

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $137 11% downside
• Avg. target: $159 3% upside
• High target: $179 17% upside

4 analyst ratings

• positive: 2 50%
• neutral: 1 25%
• negative: 1 25%

HSBC Stephen Bersey 57% 1-year accuracy 4 / 7 met price target	11% downside $137	Reduce Downgraded	31 Oct 2024
B of A Securities Wamsi Mohan 84% 1-year accuracy 31 / 37 met price target	8% upside $165	Buy Maintained	9 Oct 2024
Goldman Sachs Mark Delaney 68% 1-year accuracy 19 / 28 met price target	17% upside $179	Buy Maintained	1 Oct 2024
Wells Fargo Colin Langan 14% 1-year accuracy 4 / 28 met price target	0% downside $153	Equal-Weight Maintained	20 Sept 2024