12 Oversold Value Stocks to Buy According to Hedge Funds

7. Teleflex Incorporated (NYSE:TFX)

Number of Hedge Fund Holders: 36

Teleflex Incorporated (NYSE:TFX) is a global provider of medical technologies designed to improve patient outcomes and support surgical and critical care procedures. The company develops, manufactures, and supplies devices used in vascular access, anesthesia, interventional cardiology, urology, respiratory care, and surgical applications. TFX’s products are used in hospitals, clinics, and other healthcare settings worldwide, with a focus on single-use, disposable devices. Its portfolio includes well-known brands and specialized solutions aimed at reducing infections, improving procedural efficiency, and enhancing patient safety.

Teleflex Incorporated (NYSE:TFX) has announced two major strategic initiatives that will reshape the company’s future: a significant acquisition and a corporate separation plan. The company has entered into a definitive agreement to acquire BIOTRONIK’s Vascular Intervention business for approximately EUR 760 million, which is expected to close by the end of the third quarter of 2025. This acquisition is projected to deliver constant currency revenue growth of 6% or better beginning in 2026 and be approximately $0.10 accretive to adjusted earnings per share in the first year. Additionally, TFX plans to separate into two independent publicly traded companies: RemainCo and NewCo, with the transaction expected to be completed in mid-2026.

The separation is designed to create two focused companies with distinct capital allocation strategies and simplified operating models, ultimately aiming to accelerate growth and unlock shareholder value. Teleflex Incorporated (NYSE:TFX)’s 2024 performance showed positive momentum, with adjusted constant currency revenues increasing 3.1% YoY and adjusted earnings per share of $14.01, while demonstrating strong cash flow from operations which increased 24.7% to $638.3 million. With a forward P/E of 9.16, TFX is one of the oversold stocks to buy according to hedge funds.