Integer (NYSE:ITGR) Insider Andrew Senn Sells 9,408 Shares

Integer Holdings Corporation (NYSE:ITGR) insider Andrew Senn sold 9,408 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $126.30, for a total value of $1,188,230.40. Following the sale, the insider owned 5,405 shares of the company’s stock, valued at $682,651.50. This represents a 63.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Integer Price Performance

NYSE ITGR traded up $0.24 during trading hours on Thursday, reaching $126.11. The company’s stock had a trading volume of 554,873 shares, compared to its average volume of 777,369. The firm’s 50-day moving average price is $112.97 and its 200-day moving average price is $96.79. The company has a quick ratio of 2.41, a current ratio of 3.73 and a debt-to-equity ratio of 0.75. Integer Holdings Corporation has a 1 year low of $62.00 and a 1 year high of $126.79. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.40 and a beta of 0.62.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.22. Integer had a net margin of 6.97% and a return on equity of 12.79%. The business had revenue of $464.11 million during the quarter, compared to analyst estimates of $451.07 million. During the same period last year, the firm posted $1.55 EPS. The company’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts predict that Integer Holdings Corporation will post 6.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ITGR. KeyCorp downgraded shares of Integer from an “overweight” rating to a “sector weight” rating in a report on Monday, August 3rd. Benchmark cut Integer from a “buy” rating to a “hold” rating in a report on Thursday, August 13th. Piper Sandler downgraded Integer from an “overweight” rating to a “hold” rating and set a $127.00 target price on the stock. in a research report on Monday, August 3rd. Zacks Research raised Integer from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Integer in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.86.

Institutional Trading of Integer

Several hedge funds and other institutional investors have recently bought and sold shares of ITGR. Sequoia Financial Advisors LLC lifted its position in Integer by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 3,180 shares of the medical equipment provider’s stock worth $297,000 after buying an additional 142 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Integer by 10.7% in the 2nd quarter. Corient Private Wealth LP now owns 48,981 shares of the medical equipment provider’s stock worth $4,577,000 after acquiring an additional 4,742 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Integer during the 2nd quarter worth about $215,000. California State Teachers Retirement System grew its holdings in Integer by 8,977.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,702,956 shares of the medical equipment provider’s stock valued at $346,041,000 after purchasing an additional 3,662,164 shares during the last quarter. Finally, Bluefin Capital Management LLC raised its position in Integer by 263.6% in the 2nd quarter. Bluefin Capital Management LLC now owns 30,332 shares of the medical equipment provider’s stock worth $2,835,000 after purchasing an additional 21,990 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Integer Company Profile

Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.