In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, TE Connectivity plc (Symbol: TEL) has taken over the #35 spot from Microchip Technology Inc (Symbol: MCHP), according to ETF Channel. Below is a chart of TE Connectivity plc versus Microchip Technology Inc plotting their respective rank within the S&P 500 over time (TEL plotted in blue; MCHP plotted in green):
Below is a three month price history chart comparing the stock performance of TEL vs. MCHP:
TEL is currently trading up about 0.5%, while MCHP is down about 0.1% midday Thursday.
Further TEL Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
