July 25, 2024
We reiterate our Outperform, raise our target from $180 to $190, as we bump up our F2024/F2025E (Sep) EPS for TE Connectivity (TEL; $156.85) from $7.45/$8.15 to $7.55/$8.20 after its healthy FQ3 (Jun) beat and…
July 24, 2024
TE Connectivity (TEL; $151.40; O/P) reported FQ3 (Jun) non-GAAP EPS of $1.91, which beat our $1.85 and the Street’s $1.86 on operating income and margins that were above estimates (19.3% vs. our 18.5% and the…
July 16, 2024
We reiterate our Outperform and raise our target from $175 to $180 on the shares of TE Connectivity (TEL; $159.03) ahead of the company’s FQ3 (Jun) results and outlook, which are scheduled for next Wednesday…
April 24, 2024
We adjust our F2024/F2025E (Sept) EPS for TE Connectivity (TEL; $140.00; O/P) from $7.55/$8.20 to $7.45/$8.15 after its slight FQ2 (Mar) EPS beat ($1.86 vs. our consensus matching $1.83), which included $0.02 of headwinds from…
April 24, 2024
TE Connectivity (TEL; $143.23; O/P) reported FQ2 (Mar) non-GAAP EPS of $1.86, which was ahead of our consensus matching $1.83 led by some slightly better than expected sales ($3,967mm vs. our $3,950mm and consensus of…
April 15, 2024
We think TE Connectivity (TEL; $142.98; O/P) can produce a solid “beat and raise” with its FQ2E (Mar) when it reports on April 24th (before market). More to the point, we think TEL is well…
January 24, 2024
We raise our rating on TE Connectivity (TEL; $143.63) from Equal-Weight to Outperform. We believe the stock is now breaking out of its trading range of the past two years on a path to new…
January 24, 2024
TE Connectivity (TEL; $134.65; E/W) reported FQ1 (Dec) non-GAAP EPS of $1.84, which comfortably beat our $1.70 and the Street’s $1.71 despite some moderately lower than expected sales ($3,831mm vs. our $3,850mm and consensus of…
December 13, 2023
Last night, TE Connectivity (TEL; $135.50; E/W) announced that its Board authorized a $1.5B increase in its share repurchase program. By comparison, TEL’s market cap is $43B and the company had $735mm remaining on its…
November 1, 2023
We adjust F2024E (Sep) EPS for TE Connectivity (TEL; $122.86; E/W) from $7.30 to $7.40 after FQ4 (Sep) results were slightly ahead of the Street and FQ1E (Dec) guidance was fairly consistent with expectations. FQ4…
November 1, 2023
TE Connectivity (TEL; $117.85; E/W) reported FQ4 (Sep) non-GAAP EPS of $1.78, which was slightly ahead of our $1.75 and the Street’s $1.76 on somewhat better than expected sales ($4,035mm vs. our $4,001mm and consensus…
August 17, 2023
This morning, TE Connectivity (TEL; $129.49; E/W) announced a public tender offer for all outstanding shares of Schaffner (SAHN.CH; CHF493.00; NR), which produces electromagnetic capability (EMC) filters, harmonic filters, and other electromagnetic components for certain…
July 26, 2023
We bump up F2023/2024E (Sept) EPS for TE Connectivity (TEL; $144.74; E/W) from $6.50/$7.25 to $6.70/$7.30 on the back of a solid FQ3 (Jun) EPS beat with some slightly better than expected FQ4E (Sept) EPS…
July 26, 2023
TE Connectivity (TEL; $141.20; E/W) reported FQ3 (Jun) non-GAAP EPS of $1.77, which beat our $1.62 and the Street’s $1.66 despite sales that were moderately below what we and the Street expected ($3,998mm vs. our…
July 17, 2023
We think a now more predictable auto supply chain (40-45% of sales) can go a long way towards finally putting a floor on EPS expectations for TE Connectivity (TEL; $142.77; E/W), when it reports FQ3…