Declan Smyth Sells 1,112 Shares of Integer Holdings Co. (ITGR) Stock
Integer Holdings Co. (NYSE:ITGR) insider Declan Smyth sold 1,112 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $49,917.68. Following the completion of the sale, the insider now owns 11,656 shares in the company, valued at approximately $523,237.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Integer Holdings Co. (ITGR) traded up $1.00 during trading hours on Friday, hitting $45.85. 142,646 shares of the company’s stock traded hands, compared to its average volume of 155,427. Integer Holdings Co. has a 12 month low of $29.00 and a 12 month high of $55.20. The firm has a market capitalization of $1,450.00, a price-to-earnings ratio of 71.64, a P/E/G ratio of 0.96 and a beta of 1.07. The company has a quick ratio of 1.37, a current ratio of 2.58 and a debt-to-equity ratio of 1.95.
Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. Integer had a net margin of 1.42% and a return on equity of 11.22%. The business had revenue of $363.31 million for the quarter, compared to analyst estimates of $354.83 million. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. sell-side analysts anticipate that Integer Holdings Co. will post 2.62 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System increased its stake in shares of Integer by 4.9% during the second quarter. California Public Employees Retirement System now owns 92,700 shares of the medical equipment provider’s stock valued at $4,009,000 after acquiring an additional 4,300 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Integer during the second quarter valued at approximately $260,000. Vanguard Group Inc. increased its stake in shares of Integer by 2.6% during the second quarter. Vanguard Group Inc. now owns 2,790,328 shares of the medical equipment provider’s stock valued at $120,682,000 after acquiring an additional 71,154 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Integer during the second quarter valued at approximately $284,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Integer during the second quarter valued at approximately $748,000. Institutional investors and hedge funds own 95.02% of the company’s stock.
ITGR has been the topic of several analyst reports. Northcoast Research lowered shares of Integer from a “buy” rating to a “neutral” rating in a research note on Monday, October 23rd. They noted that the move was a valuation call. TheStreet lowered shares of Integer from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. BidaskClub lowered shares of Integer from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Royal Bank of Canada restated a “hold” rating and issued a $40.00 price target on shares of Integer in a research note on Friday, September 22nd. Finally, KeyCorp restated an “overweight” rating and issued a $62.00 price target (up previously from $51.00) on shares of Integer in a research note on Monday, September 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Integer currently has an average rating of “Hold” and an average target price of $51.00.
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Integer Company Profile
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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