Intech Investment Management LLC raised its position in shares of Integer Holdings Corporation (NYSE:ITGR – Free Report) by 92.8% in the first quarter, Holdings Channel.com reports. The fund owned 22,682 shares of the medical equipment provider’s stock after buying an additional 10,915 shares during the quarter. Intech Investment Management LLC’s holdings in Integer were worth $2,677,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Integer by 14.7% during the first quarter. Russell Investments Group Ltd. now owns 6,749 shares of the medical equipment provider’s stock valued at $796,000 after acquiring an additional 863 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Integer during the first quarter valued at about $916,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Integer during the fourth quarter worth about $208,000. Teacher Retirement System of Texas acquired a new position in shares of Integer during the first quarter worth about $579,000. Finally, Axiom Investors LLC DE acquired a new position in shares of Integer during the first quarter worth about $4,457,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.
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Wall Street Analyst Weigh In
A number of analysts have recently issued reports on ITGR shares. Wall Street Zen raised Integer from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Raymond James Financial decreased their target price on Integer from $150.00 to $143.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Wells Fargo & Company reduced their price objective on Integer from $152.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, July 25th. Citigroup upgraded Integer from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from $133.00 to $140.00 in a research report on Thursday, May 22nd. Finally, Truist Financial cut their target price on Integer from $145.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $140.25.
View Our Latest Analysis on Integer
Integer Trading Down 2.6%
Shares of NYSE:ITGR opened at $101.53 on Monday. The stock has a market capitalization of $3.56 billion, a PE ratio of 44.73, a P/E/G ratio of 0.80 and a beta of 1.03. Integer Holdings Corporation has a 1 year low of $100.89 and a 1 year high of $146.36. The firm has a fifty day moving average price of $109.53 and a 200 day moving average price of $115.83. The company has a current ratio of 3.41, a quick ratio of 2.18 and a debt-to-equity ratio of 0.72.
Integer (NYSE:ITGR – Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). The firm had revenue of $476.00 million for the quarter, compared to the consensus estimate of $464.37 million. Integer had a net margin of 4.61% and a return on equity of 12.27%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. Analysts expect that Integer Holdings Corporation will post 6.01 EPS for the current fiscal year.
About Integer
(Free Report)
Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.
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