Teleflex
About: Teleflex is a Wayne, Pennsylvania-based manufacturer of hospital supplies and medical devices primarily in the bloodstream/vascular and surgical areas. The firm reports results across seven segments: vascular access (24% of 2023 sales), interventional (17%), anesthesia (13%), surgical (14%), interventional urology (11%), original-equipment manufacturing (11%), and other (10%). Geographic exposure for the business is primarily in the US, which accounts for 60% of revenue, with international markets making up the remainder.
Employees: 14,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 40
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
9% more funds holding
Funds holding: 472 [Q1] → 514 (+42) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 169
10% less capital invested
Capital invested by funds: $10.7B [Q1] → $9.6B (-$1.07B) [Q2]
11.33% less ownership
Funds ownership: 108.28% [Q1] → 96.95% (-11.33%) [Q2]
53% less call options, than puts
Call options by funds: $5.41M | Put options by funds: $11.5M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Truist Securities Richard Newitter 51% 1-year accuracy 19 / 37 met price target | 9%upside $255 | Hold Maintained | 14 Oct 2024 |
RBC Capital Shagun Singh 76% 1-year accuracy 44 / 58 met price target | 17%upside $275 | Outperform Maintained | 8 Oct 2024 |
RBC Capital Shagun Singh 76% 1-year accuracy 44 / 58 met price target | 11%upside $260 | Outperform Reiterated | 6 Aug 2024 |
Truist Securities Richard Newitter 51% 1-year accuracy 19 / 37 met price target | 5%upside $247 | Hold Maintained | 5 Aug 2024 |
RBC Capital Shagun Singh 76% 1-year accuracy 44 / 58 met price target | 11%upside $260 | Outperform Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 5 articles about TFX published over the past 30 days
