TE Connectivity Ltd (TEL) has recently experienced a mixed performance in the market, with its stock underperforming when compared to competitors, yet showing daily gains and ending the week on a rise.
Atlantic Union Bankshares Corp and
First Horizon Advisors Inc. are among institutions increasing their holdings. TEL has recently posted both Q2 and Q3 results for fiscal year 2024. Despite the stock dips following the earnings reports, analysts still see TEL as a worthwhile investment. Institutions including
&Partners and the
Czech National Bank have acquired shares. Other noteworthy events include the approval of proposals at a special general meeting, the declaration of increased dividends, and a change in the place of incorporation from Switzerland to Ireland. Despite funding activities such as offering $350 million 4.625% senior notes, concerns have been raised on TEL's debt level. Meanwhile, some insiders, including Executive VP & General Counsel, John Jenkins, have recently sold shares. The company's proposal to raise the annualized dividend by 10% to $2.60 per share has been approved.
Te Connectivity Ltd TEL News Analytics from Wed, 20 Feb 2019 08:00:00 GMT to Sun, 25 Aug 2024 13:28:12 GMT -
Rating 2
- Innovation 0
- Information 7
- Rumor -5
