Teleflex Incorporated (NYSE:TFX) Sees Large Increase in Short Interest

Teleflex Incorporated (NYSE:TFX) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,835,328 shares, an increase of 59.7% from the July 30th total of 3,027,778 shares. Based on an average trading volume of 760,689 shares, the short-interest ratio is presently 6.4 days. Approximately 11.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Teleflex from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. UBS Group increased their target price on Teleflex from $145.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Teleflex in a research note on Wednesday, June 24th. Raymond James Financial reissued an “outperform” rating and set a $150.00 price target on shares of Teleflex in a report on Friday, May 8th. Finally, Royal Bank Of Canada upgraded shares of Teleflex from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $135.00 to $155.00 in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $152.90.

Institutional Trading of Teleflex

A number of institutional investors have recently made changes to their positions in the stock. Kelleher Financial Advisors acquired a new position in shares of Teleflex during the second quarter valued at approximately $25,000. Banque Cantonale Vaudoise lifted its position in Teleflex by 82.5% in the fourth quarter. Banque Cantonale Vaudoise now owns 250 shares of the medical technology company’s stock worth $31,000 after purchasing an additional 113 shares during the period. UMB Bank n.a. lifted its position in Teleflex by 57.1% in the fourth quarter. UMB Bank n.a. now owns 311 shares of the medical technology company’s stock worth $38,000 after purchasing an additional 113 shares during the period. Allworth Financial LP bought a new position in Teleflex during the 2nd quarter valued at $44,000. Finally, Kestra Advisory Services LLC bought a new position in Teleflex during the 4th quarter valued at $45,000. 95.62% of the stock is owned by institutional investors and hedge funds.

Teleflex Stock Performance

Shares of NYSE:TFX traded up $2.41 on Monday, hitting $142.08. The company’s stock had a trading volume of 644,170 shares, compared to its average volume of 779,030. Teleflex has a 12 month low of $100.18 and a 12 month high of $145.00. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of -6.10, a price-to-earnings-growth ratio of 0.93 and a beta of 0.81. The stock’s 50-day moving average is $133.86 and its two-hundred day moving average is $126.05. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.12 and a current ratio of 2.60.

Teleflex (NYSE:TFX) last issued its quarterly earnings data on Thursday, August 6th. The medical technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.48. The business had revenue of $570.33 million for the quarter, compared to analysts’ expectations of $559.59 million. Teleflex had a negative net margin of 39.67% and a positive return on equity of 11.93%. The company’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.73 earnings per share. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. On average, equities research analysts forecast that Teleflex will post 7.26 EPS for the current year.

Teleflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.36 annualized dividend and a yield of 1.0%. Teleflex’s dividend payout ratio (DPR) is presently -5.84%.

Teleflex Company Profile

Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.

The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.