GHP Investment Advisors Inc. Decreases Stock Holdings in Teleflex Incorporated $TFX

GHP Investment Advisors Inc. lowered its stake in shares of Teleflex Incorporated (NYSE:TFX) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,478 shares of the medical technology company’s stock after selling 542 shares during the period. GHP Investment Advisors Inc.’s holdings in Teleflex were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thompson Investment Management Inc. boosted its holdings in Teleflex by 2.1% during the second quarter. Thompson Investment Management Inc. now owns 4,970 shares of the medical technology company’s stock worth $588,000 after buying an additional 100 shares in the last quarter. CX Institutional boosted its holdings in Teleflex by 14.7% during the second quarter. CX Institutional now owns 872 shares of the medical technology company’s stock worth $103,000 after buying an additional 112 shares in the last quarter. Signaturefd LLC boosted its holdings in Teleflex by 38.3% during the first quarter. Signaturefd LLC now owns 433 shares of the medical technology company’s stock worth $60,000 after buying an additional 120 shares in the last quarter. Empirical Finance LLC boosted its holdings in Teleflex by 7.9% during the first quarter. Empirical Finance LLC now owns 1,690 shares of the medical technology company’s stock worth $234,000 after buying an additional 124 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Teleflex by 30.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 556 shares of the medical technology company’s stock worth $77,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Teleflex Stock Performance

NYSE:TFX opened at $122.66 on Tuesday. The firm has a 50 day simple moving average of $126.51 and a 200-day simple moving average of $123.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.41 and a quick ratio of 1.44. The firm has a market cap of $5.42 billion, a PE ratio of 28.86, a P/E/G ratio of 1.79 and a beta of 1.05. Teleflex Incorporated has a 1-year low of $108.90 and a 1-year high of $212.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Teleflex from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Mizuho lifted their target price on shares of Teleflex from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Wall Street Zen cut shares of Teleflex from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 15th. Wells Fargo & Company cut their target price on shares of Teleflex from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Teleflex in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $141.57.

Insider Buying and Selling at Teleflex

In other news, Director Gretchen R. Haggerty acquired 500 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average price of $114.75 per share, with a total value of $57,375.00. Following the completion of the transaction, the director directly owned 6,305 shares in the company, valued at approximately $723,498.75. This represents a 8.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.