Molex Inc. Sees 7% Increase in Shares Following Dividend and Upgrade Announcement

Strategic Insights -

Electronic components company Molex Inc. experienced a 7% increase in shares in early morning trading on the news that the company raised its quarterly dividend and announced an upgrade. Molex, the world's #2 maker of plugs and other electrical connectors, is a leading supplier of miniature plugs, jacks, and other complex connectors used in a wide variety of products including computers, consumer electronics, home appliances, automobiles, telecommunications equipment, and industrial machinery. The company's customers include major manufacturers such as Cisco, Sun, Delphi, IBM, Samsung, Nokia, Ford, and Sony.

Key Takeaways:

  • Molex Inc. is the world's #2 maker of electrical connectors, behind Tyco International.
  • The company produces over 100,000 kinds of electronic, electrical, and fiber-optic connectors and switches.
  • Molex's customers include major manufacturers such as Cisco, Sun, Delphi, IBM, Samsung, Nokia, Ford, and Sony.
  • Shares in Molex Inc. increased by 7% in early morning trading following the announcement of the company's dividend and upgrade.
  • The company's miniature plugs, jacks, and other complex connectors are used in a wide variety of products, including computers, consumer electronics, and automobiles.
  • Molex Inc. is expected to continue growing as a leading supplier of electronic components.

Statistics:

  • Molex Inc. produces over 100,000 kinds of electronic, electrical, and fiber-optic connectors and switches. (Source: Bellwether Report)
  • The company's customers include major manufacturers such as Cisco, Sun, Delphi, IBM, Samsung, Nokia, Ford, and Sony. (Source: Bellwether Report)
  • Shares in Molex Inc. increased by 7% in early morning trading in response to the company's dividend and upgrade announcement. (Source: M2 PressWIRE)
  • Molex Inc. is the world's #2 maker of electrical connectors, behind Tyco International. (Source: Bellwether Report)

Sources:

  • M2 PressWIRE - 23 May 2006 - bellwetherreport.com
  • Bellwether Report