Watching TE Connectivity Ltd. (TEL) For Insider Activity

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TE Connectivity Ltd. (NYSE:TEL) traded with a subtraction of -$3.82 to $116.38 on Thursday, a downside of -3.18 percent. An average of 1,189,613 shares of common stock have been traded in the last five days. There was a fall of -$8.06 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,233,553 shares traded, while the 50-day average volume stands at 1,260,167.

TEL stock has decreased by -7.37% in the last month. The company shares reached their 1-month lowest point of $116.09 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $107.12 and a high of $166.44 in 52 weeks. It has reached a new high 3 times so far this year and lost -25.50% or -$45.12 in price. In spite of this, the price is down -30.08% from the 52-week high.


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Insider Transactions

27 days have passed since TE Connectivity Ltd. (TEL) last reported insider trading activity. CURTIN TERRENCE R, who is Chief Exec. Officer & Director, most recently acquired $3,000 shares at $131.85 per share on Aug 26. In this transaction, the insider spent $395,550. Chief Exec. Officer & Director, CURTIN TERRENCE R, disposed of 100,000 shares at a price of $131.46 on Aug 25. The insider now owns more than $13,145,522 worth of shares. Prior to that, Chief Exec. Officer & Director CURTIN TERRENCE R went on to Sale 75,000 shares at $130.72 each on Aug 23. An amount of $9,804,059 was transacted.

Valuation Metrics

TE Connectivity Ltd. (TEL) has a trailing price-to-earnings (P/E) ratio of 15.73. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.47, the price-to-book (PB) ratio at 3.71, and the price-to-cash flow ratio at 46.57.

The company has a payout ratio of 26.70%. The company’s most recent quarterly dividend payment was $0.56 a share, without any change from last year. Its latest increase dividend $0.06 reported on Wednesday March 9 2022.

Financial Health

The quick ratio of TE Connectivity Ltd. for the three months ended June 29 was 0.90, and the current ratio was 1.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.32 and a total debt to equity ratio of 0.40 for the quarter ending June 29. TE Connectivity Ltd.’s EBITDA margin for the year ending June 29 is 22.66%, while its operating margin for the same period stands at 17.50%. Its gross profit as reported stood at $4.89 billion compared to revenue of $14.92 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TE Connectivity Ltd.’s return on assets was 11.70%.

Earnings Surprise

For the three-month period that ended June 29, TE Connectivity Ltd. had $3.38 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $594.0 million in the quarter, while revenues were grew 2.36%. The analyst consensus anticipated TE Connectivity Ltd.’s latest quarter earnings to come in at $1.75 per share, but it turned out to be $1.86, a 6.30% surprise. For the quarter, EBITDA amounted to $924.0 million. Shareholders own equity worth $319.84 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at TE Connectivity Ltd. (TEL) price momentum. RSI 9-day as of the close on 21 September was 23.11%, suggesting the stock is oversold, with historical volatility in this time frame at 23.08%.

As of today, TEL’s price is $120.83 -6.49% or -$8.06 from its 5-day moving average. TEL is currently trading -9.99% lower than its 20-day SMA and -6.86% lower than its 100-day SMA. However, the stock’s current price level is +2.38% above the SMA50 and -26.32% below the SMA200.

The stochastic %K and %D were 3.76% and 10.41%, respectively, and the average true range (ATR) was 3.28. With the 14-day stochastic at 0.84% and the average true range at 3.19, the RSI (14) stands at 30.30%. The stock has reached -4.19 on the 9-day MACD Oscillator while the 14-day reading was at -5.04.

Analyst Ratings

JP Morgan downgraded TE Connectivity Ltd. (NYSE: TEL) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for TE Connectivity Ltd. (TEL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TEL, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.

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