TE Connectivity Ltd (TEL) is under the spotlight as discussions focus on its balance sheet, share price and its overall investment attractiveness. Recently, the company completed changes in incorporating in Ireland, signaling its final trading day on the NYSE. This strategic shift was coupled with the appointment of Sam Eldessouky to the board of directors. Meanwhile, TEL continues to pay dividends of $0.65, illustrating consistency and value to shareholders. TEL's role in the AI Boom as a significant chip stock is noteworthy and, despite some dips, the company has exhibited consistent growth, with stock purchases seen across diverse holdings, from Truist Financial Corp to the University of Texas Texas AM Investment Management Co.
There were also notable executive changes, with EVP & General Counsel John being on the list of insiders who sold their holdings. In spite of a drop after the last earnings report, TEL managed to beat estimates in Q3 and Q2 of 2024. Finally, the announcement of pricing for a $350 million 4.625% senior notes offering indicates further financial maneuvers, while a recent peak at a 52-week high underlines the company's ongoing market resilience.
Te Connectivity Ltd TEL News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sat, 05 Oct 2024 14:53:53 GMT - Rating 1 - Innovation 6 - Information 7 - Rumor -4
