TE Connectivity Shares Climb Thursday, but Still Lag Market

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TE ($NYSE:TEL) Connectivity Ltd. stock saw an increase on Thursday, yet it has not matched the market’s overall performance. The Swiss-based company designs and manufactures connectivity and sensor solutions for a variety of industries, from automotive and aerospace to energy and medical. TE Connectivity’s products are designed to help companies create more efficient, sustainable, and secure solutions. The company’s recent success reflects its strong fundamentals, such as a robust balance sheet and high returns on equity.

Investors may be concerned about the company’s reliance on the automotive industry, which has been hit hard by the pandemic. Nonetheless, TE Connectivity shares remain an attractive buy for investors looking for growth in a volatile market.

Price History

On Thursday, shares of TE Connectivity (TE) saw a rise, though still underperforming the market. The stock opened at $140.7 and closed at $141.0, representing a slight increase of 0.8% from the previous day’s close of 139.9. Despite this modest growth, TE’s shares remain below the market average, indicating that investors may not have complete faith in the company. This news comes amid an overall positive trend in the stock market that has seen many other stocks throughout the technology sector perform well. Live Quote…

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…

Analysis

At GoodWhale, we have analyzed TE CONNECTIVITY’s financials and based on our Star Chart, we have concluded that TE CONNECTIVITY is strong in dividend and profitability, medium in asset and weak in growth. The company has an impressive health score of 10/10 which indicates its capability to sustain future operations in times of crisis. Additionally, TE CONNECTIVITY is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Considering these criteria, investors who are looking for mid-term stability and regular dividends may be interested in this company. Those who prioritize growth over stability may not be as interested as the company may not offer the potential growth opportunities they are seeking. 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 (TEL) saw a slight rise in stock prices on Thursday, but still lags behind the broader market. Analysts suggest that TEL remains a relatively risky investment, given the company’s recent history of underperformance.

However, TEL’s long-term outlook remains promising, as the company continues to invest in research and development and new product lines. It is also poised to benefit from demand in the automotive and industry sectors. In conclusion, investors looking for a long-term growth potential should consider investing in TEL, despite its recent underperformance.