TE Connectivity Ltd. Shares Rise 2.29% on Mixed Day for the Stock Market

☀️Trending News

TE ($NYSE:TEL) Connectivity Ltd. saw its shares rise by 2.29% to $144.43 during Wednesday’s trading session, a day in which the stock market was overall quite mixed. TE Connectivity is a global technology company that designs and manufactures connectivity and sensor solutions for a variety of markets including automotive, industrial, consumer, and aerospace and defense. Investors responded positively to the news of TE Connectivity’s stock gain on Wednesday despite the overall mixed performance of the stock market. The company has seen its share price steadily rise throughout the year due to its strong financials and strong product portfolio.

It has also benefited from the global recovery in the automotive industry, which has led to increased demand for its products and services. Analysts anticipate that the positive trend will continue for the company in the coming months.

Analysis

As GoodWhale’s analysis of TE CONNECTIVITY‘s financials shows, it is classified as a ‘rhino’ type of company. This suggests that it has achieved moderate revenue or earnings growth. It has a high health score of 9/10 with regard to its cashflows and debt, meaning it is capable of safely riding out any crisis without the risk of bankruptcy. Furthermore, TE CONNECTIVITY is strong in terms of its dividend and profitability, and medium in terms of its assets. However, TE CONNECTIVITY is weak when it comes to growth. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Te Connectivity. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Te Connectivity. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Te Connectivity. More…

Key Ratios Snapshot

Some of the financial key ratios for Te Connectivity are shown below. More…

Peers

The company’s products are used in a variety of industries, including automotive, aerospace, telecommunications, industrial, and consumer electronics. TE Connectivity‘s main competitors are Amphenol Corp, Littelfuse Inc, Rexel SA, and other smaller companies. The company has a strong market position and offers a wide range of products.

However, its competitors are also well-established and offer similar products.

– Amphenol Corp ($NYSE:APH)

Amphenol Corp is a worldwide electronics manufacturer. They have a market cap of 43.95B as of 2022 and a Return on Equity of 23.34%. The company designs, manufactures, and markets electrical, electronic, and fiber optic connectors, interconnect systems, and coaxial and high-speed specialty cable.

– Littelfuse Inc ($NASDAQ:LFUS)

Littelfuse is a global manufacturer of circuit protection devices. Its products are used in a variety of industries, including automotive, consumer electronics, industrial, and telecommunications. The company has a market cap of 5.37B and a ROE of 13.41%.

– Rexel SA ($OTCPK:RXEEY)

As of 2022, Rexel SA has a market cap of 5.33B and a Return on Equity of 14.71%. The company is a leading distributor of electrical supplies and equipment. It operates in over 30 countries and serves a wide range of customers, from large corporates to small businesses. Rexel is committed to providing quality products and services, and to being a responsible corporate citizen.

Summary

TE Connectivity Ltd. saw an overall positive trading session on Wednesday, with their shares increasing 2.29% to $144.43. This suggests that investors are optimistic about the company’s performance, and may be considering investing in their stock. Analysts recommend researching the company’s financials, competitive landscape and industry trends before investing, as these factors may influence the stock’s value in the future. Additionally, understanding TE Connectivity’s core strengths and weaknesses can help potential investors make informed decisions when investing in the company’s stock.