TE Connectivity Ltd (NYSE: TEL) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted TE Connectivity announces intent to change place of incorporation from Switzerland to Ireland.

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Stocks Info

TE Connectivity Ltd is listed on the NYSE in the Technology sector while operating in the Electronic Components industry. The current market capitalization of TE Connectivity Ltd is $43.06B. A total of 1.72 million shares were traded on the day, compared to an average of 2.03M shares.

In the most recent transaction, Kroeger Shadrak W sold 5,000 shares of TEL for 142.76 per share on Mar 01 ’24. After the transaction, the Pres., Industrial Solutions now owns 25,976 company shares. In a previous transaction on Jan 29 ’24, MERKT STEVEN T sold 99,777 shares at 144.00 per share. TEL shares that President, Transportation Sol. owns now total 30,459.

Among the insiders who sold shares, CURTIN TERRENCE R disposed of 15,772 shares on Dec 19 ’23 at a per-share price of $141.27. This resulted in the Chief Exec. Officer & Director holding 54,969 shares of TEL after the transaction. In another insider transaction, CURTIN TERRENCE R sold 15,773 shares at $141.57 per share on Dec 18 ’23. Company shares held by the Chief Exec. Officer & Director now total 70,741.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. TE Connectivity Ltd pays an annual dividend of $2.36, resulting in a dividend yield of 1.69%, and it has a price to earnings (P/E) ratio of 13.24. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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 14 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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

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. 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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