TE Connectivity (NYSE:TEL) shares climbed to a new all-time high of $175.06, reflecting growing investor confidence and solid momentum in the company’s fundamentals. With a market capitalization of $51.8 billion, the stock has gained 12.91% over the past year and 23.6% in the last six months, underscoring sustained optimism about its long-term growth prospects.
The milestone comes on the heels of strong fiscal Q2 results. The company posted adjusted earnings of $2.10 per share, topping Wall Street’s forecast of $1.96, while quarterly revenue grew 4% year-over-year to $4.1 billion—also beating expectations. TE Connectivity projects continued strength, offering bullish guidance for Q3 with projected earnings of $2.06 per share and revenue of $4.3 billion, both above analyst estimates.
To support future growth and manage recent acquisition-related debt, TE Connectivity priced a $900 million senior notes offering through its Tyco Electronics Group S.A. subsidiary.
The strong results and outlook have spurred bullish analyst reactions. Bank of America raised its price target to $190 from $168, reiterating a Buy rating. HSBC also upgraded the stock from Hold to Buy, boosting its price target to $175 and pointing to favorable valuation metrics. Analysts emphasized the company’s attractive price-to-earnings ratio compared to historical averages and noted strong performance in its Industrial segment, where operating margin rose 17% thanks to increased demand in AI, aerospace, and energy applications.
As TE Connectivity continues to expand its presence in high-growth sectors, the latest stock high reinforces its position as a resilient and innovative leader in the electronics and connectivity space.
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