TE Connectivity Ltd (NYSE: TEL): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that TE Connectivity ranked among Fortune World’s Most Admired Companies for seventh year.

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Stocks Info

TEL belongs to the Technology sector of the NYSE while operating in the Electronic Components industry. At the end of the last regular session, the stock closed at $143.63 and fluctuated between $144.43 as its day high and $143.07 as its day low. The current market capitalization of TE Connectivity Ltd is $44.35B. A total of 2.45 million shares were traded on the day, compared to an average of 1.88M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TEL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 7 SELLs from insiders. Insiders purchased 97,392 shares during that period but sold 105,692.

In the most recent transaction, MERKT STEVEN T sold 99,777 shares of TEL for 144.00 per share on Jan 29. After the transaction, the President, Transportation Sol. now owns 30,459 company shares. In a previous transaction on Dec 19, CURTIN TERRENCE R sold 15,772 shares at 141.27 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 15,773 shares on Dec 18 at a per-share price of $141.57. This resulted in the Chief Exec. Officer & Director holding 70,741 shares of TEL after the transaction. In another insider transaction, CURTIN TERRENCE R sold 70,721 shares at $143.02 per share on Jul 31. Company shares held by the Chief Exec. Officer & Director now total 54,969.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. TE Connectivity Ltd pays an annual dividend of $2.36, resulting in a dividend yield of 1.64%, and it has a price to earnings (P/E) ratio of 13.63. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TEL in the last 3 months, the mean price target is $162.79 with high estimates of $175.00 and low estimates of $145.00. In terms of 52-week highs and lows, TEL has a high of $146.84 and a low of $115.00.

As of this writing, TEL has an earnings estimate of $1.83 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.86 per share and a lower estimate of $1.81. The company reported an EPS of $1.78 in the last quarter, which was 1.10% higher than expectations of $1.76.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TEL’s latest balance sheet shows that the firm has $1.20B in Cash & Short Term Investments as of fiscal 2021. There were $4.21B in debt and $4.66B in liabilities at the time. Its Book Value Per Share was $42.45, while its Total Shareholder’s Equity was $10.75B.

Analysts Opinion

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. 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 3.91.

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