Magnetar Financial LLC and
Acadian Asset Management LLC have both reduced their holdings of
TE Connectivity Ltd. Despite fluctuations, the company's stock has frequently outperformed competitors. Recent
third-quarter earnings exceeded expectations, however, their sales experienced a
year-over-year decline. The company announced a
dividend of $0.65 per share.
HSBC Global Res and
StockNews.com initiated coverage on TE Connectivity, with the latter upgrading the stock to a
'Hold' rating. Price targets have been raised by analysts to
$156.00 and
$170.00 respectively.
Q3 earnings for FY 2024 beat estimates, with an
EPS of $1.86. Despite the stock's overall performance,
HSBC lowered its rating for the company to a
'Hold'. TE Connectivity is changing its place of incorporation from
Switzerland to
Ireland. The company experienced a
52-week high at
$157.72 and $159.825. Several other firms including
Vanguard Group Inc and
Mitsubishi UFJ Trust & Banking Corp have increased their position in TE Connectivity.
Te Connectivity Ltd TEL News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 28 Jul 2024 20:56:58 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -4
