Fifth Third Bancorp Sells 7,502 Shares of Integer Holdings Corporation $ITGR

Fifth Third Bancorp lessened its stake in shares of Integer Holdings Corporation (NYSE:ITGR) by 92.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 655 shares of the medical equipment provider’s stock after selling 7,502 shares during the quarter. Fifth Third Bancorp’s holdings in Integer were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Salomon & Ludwin LLC boosted its position in Integer by 46.8% during the 4th quarter. Salomon & Ludwin LLC now owns 370 shares of the medical equipment provider’s stock valued at $29,000 after acquiring an additional 118 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Integer by 1.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 9,755 shares of the medical equipment provider’s stock valued at $1,200,000 after acquiring an additional 138 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Integer by 9.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,979 shares of the medical equipment provider’s stock valued at $205,000 after acquiring an additional 166 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in Integer by 1.1% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 14,833 shares of the medical equipment provider’s stock valued at $1,163,000 after acquiring an additional 167 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Integer by 8.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,543 shares of the medical equipment provider’s stock valued at $312,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Integer Stock Up 0.0%

Shares of ITGR stock opened at $88.15 on Monday. Integer Holdings Corporation has a 1-year low of $62.00 and a 1-year high of $123.78. The stock’s fifty day moving average price is $86.12 and its 200 day moving average price is $81.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.75 and a quick ratio of 2.38. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.53 and a beta of 0.67.

Integer (NYSE:ITGR) last announced its earnings results on Thursday, April 30th. The medical equipment provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.01). Integer had a return on equity of 12.83% and a net margin of 7.64%.The business had revenue of $439.58 million for the quarter, compared to analysts’ expectations of $426.48 million. During the same quarter last year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. On average, research analysts expect that Integer Holdings Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings raised Integer from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Truist Financial boosted their target price on Integer from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Raymond James Financial restated an “outperform” rating and set a $101.00 target price on shares of Integer in a research note on Monday, February 23rd. Piper Sandler restated an “overweight” rating and set a $97.00 target price (up from $87.00) on shares of Integer in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded Integer from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.29.

Insiders Place Their Bets

In other Integer news, VP Tommy P. Thomas sold 825 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $85.00, for a total transaction of $70,125.00. Following the sale, the vice president owned 4,381 shares in the company, valued at approximately $372,385. The trade was a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Integer 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.