Short interest in Teleflex Incorporated (NYSE: TFX) increases 25.8%


Teleflex Incorporated (NYSE: TFX) benefited from strong growth in short-term interest during the month of October. As of October 29, there was short interest totaling 738,700 shares, an increase of 25.8% from the total of 587,400 shares as of October 14. Based on an average trading volume of 272,700 shares, the short-term interest rate is currently 2.7 days. Currently 1.6% of the company’s shares are sold short.

Teleflex shares traded down $ 11.16 in Friday’s session, reaching $ 318.83. The company had a trading volume of 698,394 shares, compared to an average volume of 265,328. The company has a market capitalization of $ 14.94 billion, a price / earnings ratio of 34.84 and a beta of 1.08. . The company’s fifty-day moving average is $ 365.02 and its 200-day moving average is $ 384.88. The company has a debt to equity ratio of 0.53, a quick ratio of 1.88, and a current ratio of 2.74. Teleflex has a 52-week low of $ 318.19 and a 52-week high of $ 449.38.

Teleflex (NYSE: TFX) last released its results on Thursday, October 28. The medical technology company reported EPS of $ 3.51 for the quarter, beating the consensus estimate of $ 3.03 by $ 0.48. The company posted revenue of $ 700.25 million in the quarter, compared to $ 698.25 million expected by analysts. Teleflex has a net margin of 15.71% and a return on equity of 17.78%. Teleflex’s quarterly revenue increased 11.5% year-on-year. In the same quarter of the previous year, the company achieved EPS of $ 2.77. On average, research analysts predict Teleflex will post 13.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15. Shareholders of record on Monday, November 15 will receive a dividend of $ 0.34 per share. The ex-dividend date is Friday, November 12. This represents an annualized dividend of $ 1.36 and a dividend yield of 0.43%. Teleflex’s dividend payout ratio (DPR) is 14.86%.

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In other Teleflex news, Vice President Cameron P. Hicks sold 3,600 shares of the company in a trade on Wednesday, November 10. The stock was sold at an average price of $ 350.00, for a total transaction of $ 1,260,000.00. The transaction was disclosed in a file with the SEC, accessible through this hyperlink. 1.34% of the shares are currently held by insiders of the company.

Institutional investors and hedge funds have recently changed their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Teleflex in the 3rd quarter for a value of $ 26,000. Highlander Capital Management LLC purchased a new position in Teleflex shares during the 2nd quarter valued at approximately $ 40,000. Group One Trading LP purchased a new position in Teleflex shares during the second quarter valued at approximately $ 40,000. Evolution Wealth Advisors LLC increased its stake in Teleflex shares by 60.3% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 109 shares of the medical technology company valued at $ 44,000 after acquiring 41 additional shares during the period. Finally, Berman Capital Advisors LLC increased its position in Teleflex shares by 210.5% during the second quarter. Berman Capital Advisors LLC now owns 118 shares of the medical technology company valued at $ 47,000 after purchasing 80 more shares in the last quarter. Institutional investors hold 94.65% of the shares of the company.

TFX has been the subject of several analyst reports. Raymond James reduced his price target on Teleflex from $ 440.00 to $ 391.00 and set an “outperform” rating for the company in a report released on Friday October 29th. SVB Leerink raised its target price on Teleflex from $ 410.00 to $ 415.00 and assigned the stock a “market performance” rating in a Friday July 30th research note. JMP Securities lowered its price target on Teleflex from $ 470.00 to $ 430.00 and established a “market outperformance” rating for the company in a Friday October 29th research note. Jefferies Financial Group began covering Teleflex in a research note on Friday, September 10. They set a “buy” rating and a price target of $ 485.00 for the company. Finally, Zacks Investment Research downgraded Teleflex from a “custody” rating to a “sell” rating and set a price target of $ 396.00 for the company. in a research report on Tuesday, October 26. One analyst assigned a sell rating to the stock, another assigned a conservation rating, and nine assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $ 440.73.

About Téléflex

Teleflex, Inc provides medical technology products that enable healthcare providers to improve patient outcomes and improve patient and provider safety. The company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications.

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