Integer Holdings Corporation (ITGR) – What Are Brokerages Saying About This Stock?

Shares of Integer Holdings Corporation (NYSE:ITGR) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $113.67.

A number of equities analysts recently issued reports on the company. HC Wainwright restated a “buy” rating on shares of Integer in a research note on Friday, July 24th. Oppenheimer downgraded shares of Integer from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Truist Financial downgraded shares of Integer from a “buy” rating to a “hold” rating and boosted their price objective for the company from $110.00 to $127.00 in a research report on Monday, August 3rd. Freedom Capital lowered shares of Integer from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Piper Sandler cut shares of Integer from an “overweight” rating to a “hold” rating and set a $127.00 price objective for the company. in a research note on Monday, August 3rd.

Insider Activity at Integer

In related news, insider Andrew Senn sold 9,408 shares of Integer stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total value of $1,188,230.40. Following the sale, the insider directly owned 5,405 shares in the company, valued at $682,651.50. This trade represents a 63.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kirk K. Thor sold 11,767 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $126.23, for a total transaction of $1,485,348.41. Following the completion of the sale, the insider directly owned 7,153 shares in the company, valued at approximately $902,923.19. This represents a 62.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,948 shares of company stock valued at $5,169,920 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Integer during the second quarter worth about $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of Integer by 48.1% during the first quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock valued at $32,000 after buying an additional 117 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in Integer during the second quarter valued at approximately $42,000. Global Retirement Partners LLC bought a new stake in shares of Integer during the second quarter valued at approximately $46,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Integer in the 2nd quarter worth approximately $48,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Integer Trading Down 0.1%

NYSE ITGR opened at $126.58 on Monday. The company has a current ratio of 3.98, a quick ratio of 2.60 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $126.37 and its 200-day simple moving average is $101.87. Integer has a 1-year low of $66.32 and a 1-year high of $126.83. The company has a market capitalization of $4.30 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.41 and a beta of 0.60.

Integer (NYSE:ITGR) last posted its earnings results on Thursday, October 29th. The medical equipment provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.34). Integer had a return on equity of 11.84% and a net margin of 5.68%. The firm had revenue of $449.66 million for the quarter, compared to analyst estimates of $456.91 million. During the same period in the prior year, the business posted $1.79 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Integer will post 6.09 earnings per share for the current fiscal year.

About Integer

Integer Holdings Corporation (NYSE: ITGR) is a global medical device and advanced energy technology company. It partners with original equipment manufacturers to design and manufacture components, subassemblies and finished products used in minimally invasive and implantable medical devices.

Its medical technologies include batteries and power systems for pacemakers, implantable cardioverter-defibrillators, neurostimulators and drug-delivery systems, as well as catheter and guidewire components, coated wire, electrodes and other products used in cardiovascular, neuromodulation and other medical applications.

Integer also develops specialty batteries and power solutions for markets such as energy, aerospace and defense.