5 Best Electronic Stocks To Buy Now

2. TE Connectivity Ltd. (NYSE:TEL)

Number of Hedge Fund Holders: 42

TE Connectivity Ltd. (NYSE:TEL) is one of the best electronic components stocks to monitor. The company manufactures and sells connectivity and sensor solutions globally through three segments – Transportation Solutions, Industrial Solutions, and Communications Solutions. TE Connectivity Ltd. (NYSE:TEL) provides products for automotive, commercial transportation, industrial, aerospace, defense, marine, medical, energy, data, devices, and appliances markets. On February 14, TE Connectivity Ltd. (NYSE:TEL) declared a $0.59 per share quarterly dividend. The dividend is payable on March 1, to shareholders on record as of February 16. 

According to Insider Monkey’s fourth quarter database, 42 hedge funds were bullish on TE Connectivity Ltd. (NYSE:TEL), compared to 46 funds in the last quarter. Harris Associates is the biggest stakeholder of the company, with 4.6 million shares worth over $655 million. 

Carillon Eagle Mid Cap Growth Fund made the following comment about TE Connectivity Ltd. (NYSE:TEL) in its Q3 2023 investor letter:

“TE Connectivity Ltd. (NYSE:TEL) traded lower, along with other automotive suppliers, due to media speculation surrounding the United Auto Workers strike. Major U.S. original equipment manufacturers (OEMs) could temporarily shut down production if an agreement is not reached soon.”

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