Bernstein Initiates TE Connectivity at Outperform With $243 Price Target

TE Connectivity agreed to buy HENN's plastic air and fluid connection systems unit, adding thermal-management hardware to its portfolio. The acquired unit will operate as HENN Fluid Line, offering quick-connect couplings and integrated assemblies for electrified vehicles. TE plans to open a new office in Austria. HENN will focus on metal coupling systems and non-mobility applications post-sale.

TE Connectivity (TEL) has seen its consensus rating shift from 'Strong Buy' to more bearish. Analyst William Stein at Truist Financial maintained a 'Hold' rating with a $215 price target. The average target is $246.18, implying 20.1% upside, while the highest target is $300, suggesting 46.4% upside.

TE Connectivity (TEL) reported fiscal Q3 revenue of $5.16B, up 14% year over year, and issued stronger-than-expected fiscal Q4 guidance. The company plans to acquire Astrodyne TDI for $1.40B to expand industrial and AI-related exposure. The article cites TEL’s 2029 targets of $24.7B revenue and $4.4B earnings.

TE Connectivity (TEL) reported fiscal Q3 revenue of $5.16B, up 14% YoY, and adjusted EPS of $2.94, above consensus. It guided fiscal Q4 revenue to about $5.25B and adjusted EPS to $3.05. TEL plans to acquire Astrodyne TDI for $1.4B. The article compares TEL with Amphenol (APH) on valuation and investor positioning.

TE Connectivity plc (TEL) reported fiscal Q3 2026 net revenue of $5.16B (+14% YoY), adjusted EPS of $2.94 (+22%), and record orders of $5.7B (+27%). Adjusted operating margin rose to 22% and free cash flow was $883M. Shares fell about 7% after guidance for Q4 sales of ~$5.25B and adjusted EPS of $3.05. TEL agreed to acquire Astrodyne TDI for $1.4B.

Astrodyne TDI (ATDI) has agreed to be acquired by TE Connectivity (NYSE: TEL), according to the announcement on July 22, 2026. William Blair is the lead financial advisor. The deal is expected to close by end-2026, subject to regulatory approvals and customary closing conditions.