TE Connectivity (TEL) has displayed strong momentum as a value stock, indicating positive performance for the long term. TEL recently raised $900 million through dual senior notes offerings and a €500 million 2.5% senior notes offering to fund its Richards Manufacturing acquisition. Despite a dip in Q2 earnings, TEL projects Q3 sales growth. The Q2 report showcased earnings and revenues that beat estimates. TEL responded to these events by rewarding its shareholders with a 9% dividend increase. Amid a widespread tech selloff, TEL was mentioned as a chip stock in focus. TEL has officially completed its change in place of incorporation to Ireland. Q2 earnings surpassed expectations, albeit with a revenue miss. TEL's share price and stock performance has come under analysis, with some asserting an underperformance compared to the S&P 500. However, the company's Q2 earnings beat and strong guidance led to a 7% surge in its stock. TEL secured a $1.5 billion credit facility and made executive changes and a business reorganization. The company's stock performance has stoked analyst interest, with Wall Street advocating a closer look at key metrics.
Te Connectivity Ltd TEL News Analytics from Fri, 14 Jan 2022 08:00:00 GMT to Tue, 29 Apr 2025 21:55:00 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 1
