Rep. Josh Gottheimer Unloads Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK). In a filing disclosed on November 5th, the Representative disclosed that they had sold between $1,001 and $15,000 in PT Telekomunikasi Indonesia, Tbk stock on October 15th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 10/26/2026.
• Purchased $1,001 – $15,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/12/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 9/25/2026.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 9/15/2026.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $11.12 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.78. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $10.15 and a 12 month high of $23.51. The firm’s fifty day simple moving average is $13.00 and its 200-day simple moving average is $16.16. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.71 and a beta of 0.41.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings results on Friday, October 30th. The utilities provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.11). The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.91% and a net margin of 10.88%. As a group, equities analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On PT Telekomunikasi Indonesia, Tbk

A number of hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 23.4% in the first quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after acquiring an additional 4,770,126 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 2.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,705,356 shares of the utilities provider’s stock worth $33,601,000 after buying an additional 77,314 shares in the last quarter. Northcape Capital Pty Ltd increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 4.5% during the second quarter. Northcape Capital Pty Ltd now owns 1,125,872 shares of the utilities provider’s stock worth $15,120,000 after buying an additional 48,584 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 693,271 shares of the utilities provider’s stock worth $12,932,000 after purchasing an additional 2,524 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% during the first quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock worth $10,573,000 after acquiring an additional 59,123 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TLK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PT Telekomunikasi Indonesia, Tbk in a research note on Thursday, October 29th. Zacks Research raised PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. Finally, Wall Street Zen cut PT Telekomunikasi Indonesia, Tbk from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line voice services, broadband internet, mobile communications, network connectivity, and information and communications technology solutions.

Telkom’s consumer offerings include fixed broadband and digital services marketed under the IndiHome brand, while its mobile business is conducted primarily through Telkomsel, one of Indonesia’s major wireless operators.