The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for TE Connectivity Ltd. (TEL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.72, or -1.41%, to $119.91. Volume reached 81,613 shares, with price reaching a high of $120.2 and a low of $120. Recently, Yahoo Finance discussed the stock, revealing that TE Connectivity to present at Citi’s 2022 Global Technology Conference.
The company is listed on the NYSE and operates within the Electronic Components industry segment. At the end of the last regular session, the stock closed at $120.20 and fluctuated between $124.07 as its day high and $120.14 as its day low. The current market capitalization of TE Connectivity Ltd. is $38.93B. A total of 1.1 million shares were traded on the day, compared to an average of 1.39M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TEL has seen 3 BUY and 5 SELL insider trades, representing the acquisition of 100,929 and the disposition of 103,919 shares. Over the last 12 months, there were 28 BUYs and 38 SELLs from insiders. Insiders purchased 243,364 shares during that period but sold 222,211.
In the most recent transaction, CURTIN TERRENCE R sold 3,000 shares of TEL for 131.85 per share on Aug 26. After the transaction, the Chief Exec. Officer & Director now owns 54,969 company shares. In a previous transaction on Aug 25, CURTIN TERRENCE R sold 100,000 shares at 131.46 per share. TEL shares that Chief Exec. Officer & Director owns now total 54,969.
Among the insiders who sold shares, CURTIN TERRENCE R disposed of 75,000 shares on Aug 23 at a per-share price of $130.72. This resulted in the Chief Exec. Officer & Director holding 54,969 shares of TEL after the transaction. In another insider transaction, Murphy Tim sold 4,000 shares at $131.13 per share on Aug 22. Company shares held by the SVP & CHRO now total 17,754.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. TE Connectivity Ltd. pays an annual dividend of $2.24, resulting in a dividend yield of 1.86%, and it has a price to earnings (P/E) ratio of 15.73. TEL’s most recent ex-dividend date was 02/16/2023 when it declared a $0.56 quarterly dividend that was paid in cash on 03/03/2023. Previously, the company paid the dividend on 12/02/2022 with an ex-dividend date of 11/17/2022. The dividend was $0.56 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TEL in the last 3 months, the mean price target is $146.80 with high estimates of $172.00 and low estimates of $124.00. In terms of 52-week highs and lows, TEL has a high of $166.44 and a low of $107.12.
As of this writing, TEL has an earnings estimate of $1.87 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.95 per share and a lower estimate of $1.84. The company reported an EPS of $1.86 in the last quarter, which was 6.29% higher than expectations of $1.75.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TEL is Underweight with a score of 4.25. A total of 9 analysts rated the stock as Buy while 2 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.