TE Connectivity Ltd. Stock Report
Publication Date: September 22, 2024
Company Overview
TE Connectivity Ltd. (TEL), headquartered in Schaffhausen, Switzerland, is a global leader in manufacturing connectivity and sensor solutions within the electronic components industry. Founded in 1941, TE Connectivity serves a diverse array of markets across Europe, the Middle East, Africa, Asia-Pacific, and the Americas. The company operates through three main segments:
- Transportation Solutions – Focused on the automotive and transportation sectors.
- Industrial Solutions – Providing components for medical equipment and various industrial applications.
- Communications Solutions – Developing essential electronic components for data devices and appliances.
With a strong operational footprint in approximately 140 countries, TE Connectivity reported total revenue of about $15.81 billion, reflecting its substantial market presence and solid financial health. Given the robust performance and attractive growth prospects, a recommendation to buy shares is supported, with a target high price set at $190.00.
Investment Insights
Current trading data for TE Connectivity indicates a share price of $148.11, slightly below its fifty-day moving average of $149.63. This downward movement suggests potential opportunities for investors, especially as the stock has a fifty-two week high of $159.98 and a low of $115.00, illustrating a viable growth range.
The company has a total of 303,919,008 shares outstanding, with approximately 2,758,496 shares sold short, translating to a short interest of about 0.0103%. This low percentage indicates a generally optimistic sentiment towards the company’s future performance, with trading confidence evident among investors.
Analyst consensus points to a favorable outlook for TE Connectivity, with a target median price of $168.68 and a recommendation mean score of 2.3 for a “buy” rating, based on 16 analysts’ reviews. This aligned perspective among analysts reinforces the stock’s potential for upside, supported by estimated average target prices of $172.09 and a conservative target low of $155.00.
Financial Highlights
- Current Price: $148.11
- Target High Price: $190.00
- Estimated Average Target Price: $172.09
- Total Revenue: Approximately $15.81 billion
- Fifty-Two Week High: $159.98
- Fifty-Two Week Low: $115.00
In summary, TE Connectivity Ltd. presents a compelling investment opportunity amidst a backdrop of solid financial fundamentals, low short interest, and positive analyst sentiment. As the market evolves, this company remains well-positioned for future growth, and investors may find promising value within this robust tech player.
| Metric | Value |
|---|---|
| Market Cap | $45.0b |
| Total Debt | $4.2b |
| Total Cash | $1.5b |
| Shares Outstanding | 303.9m |
| Float Shares | 303.2m |
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