Announcement • Oct 01
TE Connectivity Files Form 15 TE Connectivity Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common shares under the Securities Exchange Act of 1934, as amended. The par value of the company's common shares was CHF 0.57 per share. Buy Or Sell Opportunity • Sep 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to US$146. The fair value is estimated to be US$184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are forecast to decline by 9.6% per annum over the same time period. Declared Dividend • Aug 25
Dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 22nd November 2024 Payment date: 6th December 2024 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 22% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Aug 16
Upcoming dividend of US$0.65 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 06 September 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (1.3%). Buy Or Sell Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock has risen 2.4% to US$145. The fair value is estimated to be US$183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are forecast to decline by 9.2% per annum over the same time period. Recent Insider Transactions Derivative • Aug 01
CEO & Executive Director notifies of intention to sell stock Terrence Curtin intends to sell 219k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$156, it would amount to US$34m. For the year to September 2017, Terrence's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Terrence has owned 94.97k shares directly. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 25
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: US$1.87 (up from US$1.68 in 3Q 2023). Revenue: US$3.98b (flat on 3Q 2023). Net income: US$573.0m (up 8.5% from 3Q 2023). Profit margin: 14% (up from 13% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 24
TE Connectivity Ltd. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024 TE Connectivity Ltd. provided earnings guidance for the fourth quarter of fiscal 2024. For the fourth quarter of fiscal 2024, the company expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations is expected to be approximately $1.80, up 3% year over year. Recent Insider Transactions Derivative • Jul 14
Insider notifies of intention to sell stock Aaron Stucki intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of July. If the sale is conducted around the recent share price of US$155, it would amount to US$1.4m. Since September 2023, Aaron's direct individual holding has increased from 17.43k shares to 20.56k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 11
TE Connectivity Ltd. to Report Q3, 2024 Results on Jul 24, 2024 TE Connectivity Ltd. announced that they will report Q3, 2024 results at 9:30 AM, US Eastern Standard Time on Jul 24, 2024 Declared Dividend • May 24
Dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 23rd August 2024 Payment date: 6th September 2024 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Announcement • May 24
TE Connectivity Reportedly Mulls $2 Billion Sale of Medical Unit TE Connectivity Ltd. (NYSE: TEL), which designs and builds electronic components, is considering options for its medical contract manufacturing business, including a sale that could value the operations at more than $2 billion, according to people with knowledge of the matter. The Schaffhausen, Switzerland-based company is working with an adviser to run an auction process for the business, which makes products including specialty needles and metal tubing for the medical industry, according to the people, who asked not to be identified because they aren’t authorized to speak publicly. Upcoming Dividend • May 16
Upcoming dividend of US$0.65 per share Eligible shareholders must have bought the stock before 23 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 24
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: US$1.76 (up from US$1.35 in 2Q 2023). Revenue: US$3.97b (down 4.6% from 2Q 2023). Net income: US$541.0m (up 27% from 2Q 2023). Profit margin: 14% (up from 10% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
TE Connectivity Ltd. Provides Earnings Guidance for the Third Quarter of Fiscal 2024 TE Connectivity Ltd. provided earnings guidance for the third quarter of fiscal 2024. For the period, the company expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations are expected to be approximately $1.71, up 2% year over year. Announcement • Apr 04
TE Connectivity Ltd. to Report Q2, 2024 Results on Apr 24, 2024 TE Connectivity Ltd. announced that they will report Q2, 2024 results Pre-Market on Apr 24, 2024 Declared Dividend • Mar 17
First quarter dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 23rd May 2024 Payment date: 7th June 2024 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Feb 08
Upcoming dividend of US$0.59 per share at 1.7% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (1.4%). Major Estimate Revision • Feb 02
Consensus EPS estimates increase by 59%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$16.3b to US$16.1b. EPS estimate rose from US$7.11 to US$11.34. Net income forecast to shrink 0.7% next year vs 7.2% growth forecast for Electronic industry in the US . Consensus price target up from US$151 to US$159. Share price was steady at US$142 over the past week. Recent Insider Transactions • Jan 31
President of Transportation Solutions recently sold US$4.9m worth of stock On the 29th of January, Steven Merkt sold around 34k shares on-market at roughly US$144 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.1m more than they bought in the last 12 months. Reported Earnings • Jan 24
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: US$5.80 (up from US$1.26 in 1Q 2023). Revenue: US$3.83b (flat on 1Q 2023). Net income: US$1.80b (up 353% from 1Q 2023). Profit margin: 47% (up from 10% in 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates significantly. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
TE Connectivity Ltd. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 TE Connectivity Ltd. provided earnings guidance for the second quarter of fiscal 2024. For the second quarter of fiscal 2024, the company expects net sales of approximately $3.95 billion. GAAP EPS from continuing operations are expected to be approximately $1.75, up 31% year over year. Recent Insider Transactions Derivative • Dec 20
CEO & Executive Director notifies of intention to sell stock Terrence Curtin intends to sell 16k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of December. If the sale is conducted around the recent share price of US$142, it would amount to US$2.2m. For the year to September 2017, Terrence's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Terrence's direct individual holding has increased from 94.97k shares to 126.51k. Company insiders have collectively sold US$7.7m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.59 per share at 1.9% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (1.6%). Reported Earnings • Nov 02
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$6.04 (down from US$7.51 in FY 2022). Revenue: US$16.0b (down 1.5% from FY 2022). Net income: US$1.90b (down 22% from FY 2022). Profit margin: 12% (down from 15% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
TE Connectivity Ltd. Provides Earnings Guidance for the First Quarter of 2024 TE Connectivity Ltd. provided earnings guidance for the first quarter of 2024. For the period, the company expects net sales of approximately $3.85 billion, flat on both a reported and organic basis year over year. GAAP EPS from continuing operations are expected to be approximately $1.59, up 27% year over year. Announcement • Oct 12
TE Connectivity Ltd. to Report Q4, 2023 Results on Nov 01, 2023 TE Connectivity Ltd. announced that they will report Q4, 2023 results Pre-Market on Nov 01, 2023 Announcement • Aug 17
TE Connectivity Ltd. (NYSE : TEL) agreed to acquire Schaffner Holding AG (SWX:SAHN) for approximately CHF 320 million. TE Connectivity Ltd. (NYSE : TEL) made a tender offer to acquire Schaffner Holding AG (SWX:SAHN) for approximately CHF 320 million on August 17, 2023. Under the terms, consideration will be paid in cash as CHF 505 per share. The Board of Directors of Schaffner unanimously recommends the shareholders to accept the Offer. The tender offer is subject to customary terms and conditions as well as regulatory approvals and is currently expected to be settled in December 2023. Enqcor is acting as exclusive financial advisor and Bär & Karrer as legal advisor to TE in the context of this transaction. ZKB is acting as offer manager for the public tender offer. Alantra is acting as financial advisor to Schaffner and Baker McKenzie as legal advisor. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.59 per share at 1.7% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.4%). Recent Insider Transactions Derivative • Aug 02
CEO & Executive Director notifies of intention to sell stock Terrence Curtin intends to sell 71k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of July. If the sale is conducted around the recent share price of US$140, it would amount to US$9.9m. For the year to September 2016, Terrence's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2022, Terrence has owned 94.97k shares directly. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 27
TE Connectivity Ltd. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2023 TE Connectivity Ltd. provided earnings guidance for the fourth quarter of fiscal year 2023. For the period, the company expects net sales of approximately $4 billion. GAAP EPS from continuing operations are expected to be approximately $1.63. Reported Earnings • Jul 26
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$1.68 (down from US$1.84 in 3Q 2022). Revenue: US$4.00b (down 2.4% from 3Q 2022). Net income: US$528.0m (down 11% from 3Q 2022). Profit margin: 13% (down from 14% in 3Q 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
TE Connectivity Ltd. to Report Q3, 2023 Results on Jul 26, 2023 TE Connectivity Ltd. announced that they will report Q3, 2023 results Pre-Market on Jul 26, 2023 Upcoming Dividend • May 11
Upcoming dividend of US$0.59 per share at 2.0% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (5.2%). Higher than average of industry peers (1.6%). Recent Insider Transactions • May 03
CFO, Executive VP & Executive Director recently sold US$1.2m worth of stock On the 1st of May, Heath Mitts sold around 9k shares on-market at roughly US$123 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Heath's only on-market trade for the last 12 months. Reported Earnings • Apr 27
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: US$1.35 (down from US$1.72 in 2Q 2022). Revenue: US$4.16b (up 3.8% from 2Q 2022). Net income: US$425.0m (down 24% from 2Q 2022). Profit margin: 10% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.56 per share at 1.7% yield Eligible shareholders must have bought the stock before 16 February 2023. Payment date: 03 March 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (1.4%). Reported Earnings • Jan 26
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: US$1.26 (down from US$1.73 in 1Q 2022). Revenue: US$3.84b (flat on 1Q 2022). Net income: US$398.0m (down 30% from 1Q 2022). Profit margin: 10% (down from 15% in 1Q 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 26
TE Connectivity Ltd. Provides Earnings Guidance for the Second Quarter Ending March 31, 2023 TE Connectivity Ltd. provided earnings guidance for the second quarter ending March 31, 2023. For the second quarter of fiscal 2023, the company expects net sales of approximately $3.9 billion, reflecting a decrease of 3% on a reported basis and an increase of 2% on an organic basis year over year. GAAP diluted EPS from continuing operations is expected to be approximately $1.44. Announcement • Jan 05
TE Connectivity Ltd. to Report Q1, 2023 Results on Jan 25, 2023 TE Connectivity Ltd. announced that they will report Q1, 2023 results Pre-Market on Jan 25, 2023 Announcement • Dec 10
TE Connectivity Ltd., Annual General Meeting, Mar 15, 2023 TE Connectivity Ltd., Annual General Meeting, Mar 15, 2023. Agenda: To consider raising the company's dividend.