TE Connectivity plc (NYSE: TEL) is 7.70% higher on its value in year-to-date trading and has touched a low of $128.52 and a high of $159.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TEL stock was last observed hovering at around $149.83 in the last trading session, with the day’s gains setting it 1.49%.
Currently trading at $151.32, the stock is 0.23% and 0.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 0.99% at the moment leaves the stock 2.28% off its SMA200. TEL registered 11.68% gain for a year compared to 6-month gain of 0.50%. The firm has a 50-day simple moving average (SMA 50) of $149.7834 and a 200-day simple moving average (SMA200) of $147.90555.
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The stock witnessed a -1.34% loss in the last 1 month and extending the period to 3 months gives it a 3.76%, and is -0.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.94% over the week and 1.92% over the month.
TE Connectivity plc (TEL) has around 87000 employees, a market worth around $45.27B and $15.85B in sales. Current P/E ratio is 14.73 and Fwd P/E is 16.75. Profit margin for the company is 20.15%. Distance from 52-week low is 17.74% and -5.41% from its 52-week high. The company has generated returns on investments over the last 12 months (19.96%).
The EPS is expected to grow by 7.24% this year
1309.0 institutions hold shares in TE Connectivity plc (TEL), with institutional investors hold 87.28% of the company’s shares. The shares outstanding are 299.92M, and float is at 298.78M with Short Float at 1.01%. Institutions hold 87.18% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.19 million shares valued at $4.24 billion. The investor’s holdings represent 9.151 of the TEL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 24.77 million shares valued at $3.73 billion to account for 8.0419 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 20.42 million shares representing 6.6292 and valued at over $3.07 billion, while DODGE & COX holds 5.1191 of the shares totaling 15.77 million with a market value of $2.37 billion.
TE Connectivity plc (TEL) Insider Activity
TE Connectivity plc disclosed in a document filed with the SEC on Nov 11 ’24 that CURTIN TERRENCE R (Chief Exec. Officer & Director) sold a total of 115,000 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $154.69 per share for $17.79 million. Following the transaction, the insider now directly holds 54969.0 shares of the TEL stock.
Still, SEC filings show that on Nov 11 ’24, CURTIN TERRENCE R (Officer) Proposed Sale 115,000 shares at an average price of $150.00 for $17.25 million. The insider now directly holds shares of TE Connectivity plc (TEL).
