Share repurchase programs are typically viewed positively by the market as they often lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the stock price. The additional $1.5 billion authorization by TE Connectivity's Board underlines the company's financial strength and commitment to enhancing shareholder value. This action is likely to be interpreted as a signal of management's belief in the company's undervalued shares or strong future performance, which could lead to a short-term increase in investor confidence and an uptick in the stock price.