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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.7%. By the end of trading, TE Connectivity rose $2.81 (5.9%) to $50.76 on heavy volume. Throughout the day, 5,052,304 shares of TE Connectivity exchanged hands as compared to its average daily volume of 1,575,000 shares. The stock ranged in a price between $48.29-$50.90 after having opened the day at $48.29 as compared to the previous trading day's close of $47.95. Other companies within the Electronics industry that increased today were: Vicor Corporation ( VICR), up 11.3%, Alliance Fiber Optic Products ( AFOP), up 10.7%, Supertex ( SUPX), up 7.9% and Himax Technologies ( HIMX), up 4.4%.

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 $20.0 billion and is part of the technology sector. Shares are up 29.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and 3 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 revenue growth, solid stock price performance, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, CEVA ( CEVA), down 12.5%, Enphase Energy ( ENPH), down 11.6%, Revolution Lighting Technologies ( RVLT), down 8.1% and API Technologies ( ATNY), down 7.6% , 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Best Stocks to Buy Now That the Dow Has Cratered

Best Stocks to Buy Now That the Dow Has Cratered

Embrace the Sale: Cramer's 'Mad Money' Recap (Tuesday 1/23/18)

Embrace the Sale: Cramer's 'Mad Money' Recap (Tuesday 1/23/18)

20 Companies Goldman Sachs Thinks Will Be Huge Winners from Trump's Big Tax Plan

20 Companies Goldman Sachs Thinks Will Be Huge Winners from Trump's Big Tax Plan

U.S. Tech Companies Could Lead $250 Billion of Tax Repatriation Under GOP Bill

U.S. Tech Companies Could Lead $250 Billion of Tax Repatriation Under GOP Bill

This Is Why the Massive New York International Auto Show Will Force You to Buy Connected Car Stocks