TE Connectivity Ltd (TEL): Today's Featured Technology Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.7%. By the end of trading, TE Connectivity rose $1.03 (3.2%) to $33.40 on heavy volume. Throughout the day, 2.5 million shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in a price between $31.74-$33.54 after having opened the day at $31.78 as compared to the previous trading day's close of $32.37. Other companies within the Technology sector that increased today were:
(
), up 42.6%,
(
), up 41.2%,
(
), up 39.5%, and
(
), up 28.3%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TE Connectivity Ltd. engages in the design and manufacture of products that connect and protect the flow of power and data inside various products used by consumers and industries. TE Connectivity has a market cap of $13.95 billion and is part of the electronics industry. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7. Shares are up 5.8% year to date as of the close of trading on Friday. Currently there are nine analysts that rate TE Connectivity a buy, no analysts rate it a sell, and one rates it a hold.
TheStreet Ratings rates TE Connectivity as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full TE Connectivity Ratings Report.
On the negative front,
(
), down 14.1%,
(
), down 13.9%,
eOn Communications Corporation
(
), down 13.4%, and
(
), down 12.8%, were all laggards within the technology sector with
(
) being today's technology sector laggard.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!
.
null