TE Connectivity (NYSE:TEL) hit a new all-time high, closing at $179.45, underscoring the tech company’s robust market standing and growth momentum. With a market cap exceeding $53 billion, the stock has delivered a solid 15.5% return over the past 12 months, and an impressive 25.3% gain year-to-date. Investors have responded positively to TE’s consistent performance, supported by a steady 1.6% dividend yield and a track record of 14 consecutive years of dividend increases.
The company’s recent surge highlights its resilience and ability to capitalize on opportunities within a fluctuating economic landscape. However, the stock’s price-to-earnings ratio stands at a relatively high 38.7, suggesting elevated market expectations for future growth.
TE Connectivity’s fiscal second-quarter results further boosted investor confidence. The company posted adjusted earnings of $2.10 per share, surpassing analyst estimates of $1.96. Revenues rose 4% year-over-year to $4.1 billion, beating the forecast of $3.96 billion. Looking ahead, TE projects third-quarter adjusted EPS of roughly $2.06 and revenues near $4.3 billion, both above Wall Street’s consensus.
In capital markets news, TE Connectivity announced a $900 million senior notes offering, aimed at funding general corporate needs, including paying down debt from recent acquisitions.
On the analyst front, Citi upgraded TE’s stock from Neutral to Buy, highlighting stabilizing trends in the automotive sector—a key revenue driver. Bank of America Securities also raised its price target to $190 with a Buy rating, while HSBC upgraded to Buy with a $175 price target. These endorsements reflect strong optimism about TE Connectivity’s growth trajectory and valuation appeal.
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