There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for TE Connectivity Ltd (TEL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.65, or 0.55%, to $118.50. The TE Connectivity Ltd has recorded 109,322 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that TE Connectivity to present at Baird’s 2023 Global Industrial Conference.
This NYSE-listed company operates within the Electronic Components industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $117.85 and fluctuated between $117.91 as its day high and $116.01 as its day low. The current market capitalization of TE Connectivity Ltd is $37.00B. A total of 1.92 million shares were traded on the day, compared to an average of 1.51M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, TEL has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 735 and the disposition of 528 shares. Over the last 12 months, there were 26 BUYs and 32 SELLs from insiders. Insiders purchased 278,825 shares during that period but sold 239,959.
In the most recent transaction, CURTIN TERRENCE R sold 70,721 shares of TEL for 143.02 per share on Jul 31. After the transaction, the Chief Exec. Officer & Director now owns 54,969 company shares. In a previous transaction on May 08, Jenkins John S sold 25,025 shares at 122.32 per share. TEL shares that EVP & General Counsel owns now total 22,486.
Among the insiders who sold shares, MITTS HEATH A disposed of 9,418 shares on May 01 at a per-share price of $123.12. This resulted in the EVP & Chief Financial Officer holding 28,163 shares of TEL after the transaction. In another insider transaction, CURTIN TERRENCE R sold 31,396 shares at $121.92 per share on Dec 12. Company shares held by the Chief Exec. Officer & Director now total 54,969.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. TE Connectivity Ltd pays an annual dividend of $2.22, resulting in a dividend yield of 1.88%, and it has a price to earnings (P/E) ratio of 18.19. TEL’s most recent ex-dividend date was 2/15/2024 when it declared a $0.59 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 3/1/2024 with an ex-dividend date of 2/15/2024. The TEL stock dividend was $0.59 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TEL in the last 3 months, the mean price target is $151.18 with high estimates of $168.00 and low estimates of $140.00. In terms of 52-week highs and lows, TEL has a high of $146.60 and a low of $110.88.
As of this writing, TEL has an earnings estimate of $1.76 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.78 per share and a lower estimate of $1.74. The company reported an EPS of $1.65 in the last quarter, which was 4.40% higher than expectations of $1.58.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TEL’s latest balance sheet shows that the firm has $1.20B in Cash & Short Term Investments as of fiscal 2021. There were $4.09B in debt and $4.66B in liabilities at the time. Its Book Value Per Share was $36.12, while its Total Shareholder’s Equity was $10.75B.
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. Currently, 0 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 Buy with a score of 3.86.