Short Interest in Teleflex Incorporated (NYSE:TFX) Rises By 59.7%

Teleflex Incorporated (NYSE:TFX) was the recipient of a large increase in short interest during 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. Currently, 11.5% of the shares of the company are sold short. Based on an average daily trading volume, of 760,689 shares, the days-to-cover ratio is currently 6.4 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TFX shares. Wells Fargo & Company boosted their target price on Teleflex from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and issued a $150.00 target price on shares of Teleflex in a research report on Friday, May 8th. Piper Sandler reissued an “overweight” rating and issued a $169.00 price target (up from $160.00) on shares of Teleflex in a research report on Friday, August 7th. Royal Bank Of Canada raised shares of Teleflex from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $135.00 to $155.00 in a research report on Friday, May 8th. Finally, UBS Group raised their price target on Teleflex from $145.00 to $158.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $152.90.

Institutional Trading of Teleflex

Several large investors have recently modified their holdings of TFX. Kelleher Financial Advisors bought a new stake in Teleflex during the 2nd quarter valued at $25,000. Banque Cantonale Vaudoise increased its holdings in Teleflex by 82.5% during the 4th quarter. Banque Cantonale Vaudoise now owns 250 shares of the medical technology company’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. UMB Bank n.a. raised its stake in shares of 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 last quarter. Allworth Financial LP purchased a new position in shares of Teleflex during the second quarter valued at approximately $44,000. Finally, Kestra Advisory Services LLC bought a new stake in Teleflex during the fourth quarter worth $45,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

Teleflex Stock Up 1.2%

NYSE TFX traded up $1.63 during trading hours on Wednesday, hitting $142.11. 432,356 shares of the company traded hands, compared to its average volume of 775,657. Teleflex has a twelve month low of $100.18 and a twelve month high of $145.00. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of -6.10, a P/E/G ratio of 0.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.12 and a current ratio of 2.60. The business’s 50-day moving average is $134.59 and its 200-day moving average is $126.54.

Teleflex (NYSE:TFX) last released its quarterly earnings results on Thursday, August 6th. The medical technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.48. The business had revenue of $570.33 million during the quarter, compared to analysts’ expectations of $559.59 million. Teleflex had a positive return on equity of 11.93% and a negative net margin of 39.67%.The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the firm posted $3.73 EPS. Teleflex has set its FY 2026 guidance at 6.900-7.200 EPS. Sell-side analysts anticipate that Teleflex will post 7.26 earnings per share for the current year.

Teleflex Announces Dividend

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

About Teleflex

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.