TE Connectivity Ltd (TEL) has been holding its place under the limelight. Maintaining its ranking as a top growth stock, it completes a change in place of incorporation to Ireland. Subject to patent infringement allegations regarding AEC Technology, the company's stock has stumbled slightly since the last earnings report. On the positive side, TEL's upcoming dividend is larger than last year's and the company is recognized as a strong value stock for the long-term. Notably, TE Connectivity plans to acquire Richards Manufacturing for an estimated $2.3 billion broadening its position in the fast-growing energy market. Despite EPS missing expectations, the stock managed to rise by 2.5% since the last earnings report. TEL was also named among the world's most ethical companies for the 11th consecutive year and named to the Dow Jones Sustainability Index for the 13th year. A significant executive transition occurred with Sam Eldessouky appointed to the Board of Directors. Though seen as a risky bet due to sluggish transportation sales, TEL's Q1 earnings beat expectations with record cash flow and a rise in orders due to AI demand growth. Overall, the company remains a key focus in the chip stocks amid the tech selloff.
Te Connectivity Ltd TEL News Analytics from Fri, 19 Apr 2019 18:43:05 GMT to Wed, 26 Mar 2025 13:45:08 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -2
