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.

TE Connectivity ( TEL) 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 73 cents (1.8%) to $42.22 on average volume. Throughout the day, 1.4 million shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $41.51-$42.25 after having opened the day at $41.67 as compared to the previous trading day's close of $41.49. Other companies within the Technology sector that increased today were: BroadVision ( BVSN), up 22%, Authentidate Holding Corporation ( ADAT), up 17.6%, MeetMe ( MEET), up 15.7%, and Immersion Corporation ( IMMR), up 15.7%.
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TE Connectivity Ltd., together with its subsidiaries, designs and manufactures products that connect and protect the flow of power and data inside the products used by consumers and industries. TE Connectivity has a market cap of $17.42 billion and is part of the electronics industry. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate TE Connectivity a buy, no analysts rate it a sell, and two rate 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, solid stock price performance, expanding profit margins, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Glowpoint ( GLOW), down 11.2%, Maxwell Technologies ( MXWL), down 11.1%, AVG Technologies ( AVG), down 10.7%, and Pulse Electronics ( PULS), down 10.4%, were all laggards within the technology sector with Catamaran ( CTRX) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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