TE Connectivity Ltd (TEL) reveals several crucial updates: a change in its place of incorporation to Ireland, and a series of financial results spanning from Q1 2020 to Q3 2024, with the Q3 earnings beating estimates. Numerous investing bodies have either increased or cut their stake in TEL. Notably, Meyer Handelman Co, Boston Common Asset Management, Clearbridge Investments, and University of Texas Texas AM Investment Management Co reduced their holdings, while Cetera Investment Advisers, Sanctuary Advisors, and others grew their stakes. The share price has seen fluctuations, with Bank of America assigning a $165 price target. TEL paid a consistent dividend of $0.65, with speculation about an increase. The company also announced an offering of $350 million in 4.625% senior notes. Insider transactions showed mixed results. TEL appointed Sam Eldessouky to its Board of Directors and elected Carol 'John' Davidson as the new board chairman, announcing executive changes and a reorganization. They're also reportedly considering the $2 billion sale of their medical unit. The company underperformed in the market despite benign growth. They additionally settled with the US for illegal shipment to Chinese entities.
Te Connectivity Ltd TEL News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sat, 12 Oct 2024 19:52:18 GMT -
Rating 6
- Innovation 3
- Information 5
- Rumor -2
