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

TE Connectivity ( TEL) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 1.5%. By the end of trading, TE Connectivity rose 40 cents (1.2%) to $33.90 on average volume. Throughout the day, two million shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $33.50-$34.11 after having opened the day at $33.58 as compared to the previous trading day's close of $33.50. Other companies within the Electronics industry that increased today were: Nexxus Lighting ( NEXS), up 13.7%, Nationstar Mortgage Holdings ( NSM), up 7.3%, Audience ( ADNC), up 6.6%, and Itron ( ITRI), up 6.2%.
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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 $14.65 billion and is part of the technology sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 11.2% year to date as of the close of trading on Wednesday. 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 buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations, growth in earnings per share 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 negative front, OSI Systems ( OSIS), down 28.1%, Viasystems Group ( VIAS), down 16.3%, Canadian Solar ( CSIQ), down 14%, and New Energy Systems Group ( NEWN), down 13%, were all laggards within the electronics industry with Broadcom Corporation ( BRCM) being today's electronics industry laggard.

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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