Sensata Technologies surges as Elliott gains board seat, CEO steps down

Sensata Technologies (ST) PT Raised to $47 at Baird

(Updated - April 30, 2024 8:15 AM EDT)

Baird analyst Luke Junk raised the price target on Sensata Technologies (NYSE: ST) to $47.00 (from $37.00) while maintaining a Neutral rating.

The analyst commented: "We are placing a Bullish Fresh Pick on ST (new $47 price target), as we... More

Sensata Technologies (ST) PT Raised to $43 at Stifel

Stifel analyst Matthew Sheerin raised the price target on Sensata Technologies (NYSE: ST) to $43.00 (from $36.00) while maintaining a Hold rating.... More

Sensata Technologies (ST) PT Raised to $46 at Truist Securities

(Updated - April 30, 2024 7:50 AM EDT)

Truist Securities raised its price target on Sensata Technologies (NYSE: ST) to $46.00 (from $36.00) while maintaining a Hold rating.

The analyst commented: "ST delivered a relatively clean CQ1 beat, and guided CQ2 about inline with consensus.... More

Sensata Technologies (ST) PT Raised to $41 at Goldman Sachs

Goldman Sachs analyst Mark Delaney raised the price target on Sensata Technologies (NYSE: ST) to $41.00 (from $36.00) while maintaining a Neutral rating.... More

Sensata Technologies (ST) PT Raised to $44 at BofA Securities

BofA Securities analyst Wamsi Mohan raised the price target on Sensata Technologies (NYSE: ST) to $44.00 (from $38.00) while maintaining a Neutral rating.

The analyst comments "Sensata announced 1Q results and simultaneously announced a CEO transition, a stake by Elliott Mgmt (largest shareholder) and... More

After-hours movers: NXP Semiconductors, F5 Networks, Coursera and more

After-Hours Stock Movers:

NXP Semiconductors (NASDAQ: NXPI) rose 6% after the chipmaker reported first quarter EPS and guidance that topped Wall Street expectations.

F5 Networks (NASDAQ: FFIV) fell 12% after the application security company issued... More

Sensata Technologies (ST) Announces CEO Transition, Governance Enhancements

Sensata Technologies Holding plc (NYSE: ST) today announced that Jeff Cote, Chief Executive Officer and President of Sensata Technologies, has informed the Board of Directors of his intention to retire as CEO and President and step down as a member of the Sensata Board, effective April 30, 2024. The Board of Directors has appointed Martha Sullivan as Interim President and CEO and has established a CEO Search Committee to identify a new permanent CEO.

CEO Transition

Regarding Jeff Cotes decision to retire, Sensata Chairman Andrew C. Teich said, Sensata is a strong,... More

Sensata Technologies (ST) Tops Q1 EPS by 4c; offers Q2 guidance

Sensata Technologies (NYSE: ST) reported Q1 EPS of $0.89, $0.04 better than the analyst estimate of $0.85. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $986.51 million.

GUIDANCE:

Sensata Technologies sees Q2 2024 EPS of $0.89-$0.95, versus the consensus of $0.92. Sensata... More