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Ballybrit, Ireland-based TE Connectivity plc (TEL) is a global technology company that designs and manufactures connectivity and sensor solutions for electric vehicles, medical devices, robotics, renewable energy, smart grids, and communications infrastructure. The company has a market capitalization of approximately $62.9 billion.
Shares of this technology giant have considerably underperformed the broader market over the past year. TEL has gained marginally over this period, while the broader S&P 500 Index ($SPX) has rallied 19.3%. Likewise, TEL is down 9.9% so far this year, well behind the S&P 500’s 12.4% year-to-date gain.
