Looking To Buy TE Connectivity Ltd. (TEL)? Read This First

TE Connectivity Ltd. (NYSE:TEL) saw a downside of -0.03% to close Monday at $145.63 after subtracting -$0.04 on the day. The 5-day average trading volume is 1,410,900 shares of the company’s common stock. It has gained $148.10 in the past week. An average of 1,548,180 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,337,720.

TEL’s 1-month performance is 0.16% or $0.23 on its low of $137.15 reached on 09/30/21. The company’s shares have touched a 52-week low of $94.16 and high of $153.54, with the stock’s rally to the 52-week high happening on 08/30/21. YTD, TEL has achieved 20.29% or $24.56. However, the current price is down -5.15%% from the 52-week high price.


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Insider Transactions

On Aug 24, 49 days have gone by since the last insider trading activity for TE Connectivity Ltd. (TEL). MERKT STEVEN T (President, Transportation Sol.) most recently sold 52,280 shares at $151.09 per share on Aug 24. This transaction cost the insider $7,898,985. EVP & Chief Financial Officer, MITTS HEATH A, sold 79,100 shares at a price of $150.11 on Aug 23. Then, on Aug 11, EVP & General Counsel Jenkins John S sold 25,025 shares at a price of $150.47 per share. This transaction amounted to $3,765,512.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 396.44 and a low of 8.811. TEL stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.34 while the price-to-book (PB) in the most recent quarter is 4.78.

TE Connectivity Ltd. pays an annual dividend of $2.00 per share. Its dividend yield is 1.37%. TEL paid $0.50 a share compared with prior rate of $0.50, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.02 reported on Friday March 12 2021. Measured over the last 3 years, the Dividend has been growing by 21.02% yearly.

It is projected that TE Connectivity Ltd.’s next ex-dividend date will be on Ltd. TEL is expected to distribute $18-Nov-2021 as its next dividend.

TE Connectivity Ltd.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.60 meaning that TEL stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.36, while the total debt to equity was 0.41. In terms of profitability, the gross margin trailing 12 months is 32.00%. The trailing 12-month EBITDA margin is 20.45%. The firm’s gross profit as reported stood at $3.73 billion against revenue of $12.17 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TEL to announce $1.58 per share in earnings in its latest quarter, but it posted $1.79, representing a 13.30% surprise. EBITDA for the quarter stood at more than $924.0 million. TEL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.01 billion, with total debt at $4.26 billion. Shareholders hold equity totaling $328.0 million

Technical Picture

Let’s look briefly at TE Connectivity Ltd. (TEL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 57.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.62%.

The stock’s 5-day moving average is $145.14, reflecting a +3.81% or $5.34 change from its current price. TEL is currently trading -0.49% above its 20-day SMA, +9.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.25% and +21.71% respectively.

Stochastic %K and %D was 79.94% and 81.70% and the average true range (ATR) pointed at 3.07. The RSI (14) points at 53.76%, while the 14-day stochastic is at 77.44% with the period’s ATR at 2.92. The stock’s 9-day MACD Oscillator is pointing at 3.27 and 3.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for TE Connectivity Ltd. (NYSE: TEL), Cowen downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for TEL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TEL as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.

What is TEL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $138.00 and a high of $170.00, with their median price target at $160.00. Looking at these predictions, the average price target given by analysts is for TE Connectivity Ltd. (TEL) stock is $157.69.

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