TE Connectivity Ltd (TEL): Today's Featured Electronics Laggard

TE Connectivity ( TEL) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.4%. By the end of trading, TE Connectivity fell 46 cents (-1.4%) to $33.01 on average volume. Throughout the day, 2.5 million shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in price between $32.96-$33.93 after having opened the day at $33.43 as compared to the previous trading day's close of $33.47. Other company's within the Electronics industry that declined today were: Anadigics ( ANAD), down 19.1%, Suntech Power Holdings ( STP), down 15.7%, Yingli Green Energy Holding Company ( YGE), down 12.6%, and PMC-Sierra ( PMCS), down 11%.

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 $14.14 billion and is part of the technology sector. The company has a P/E ratio of 12.8, below the average electronics industry P/E ratio of 19.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Monday. Currently there are 10 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 buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Cirrus Logic ( CRUS), up 23.2%, Rudolph Technologies ( RTEC), up 18.6%, Superconductor Technologies ( SCON), up 14.5%, and Vishay Intertechnology ( VSH), up 12.7%, were all gainers within the electronics industry with Avago Technologies ( AVGO) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).
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