Integer Holdings Co. (NYSE:ITGR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Integer Holdings Co. (NYSE:ITGR) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $133.86.

A number of research firms have issued reports on ITGR. Truist Financial began coverage on Integer in a research report on Wednesday, May 15th. They set a “buy” rating and a $137.00 price target for the company. Oppenheimer began coverage on Integer in a research report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price target for the company. Citigroup boosted their price target on Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Benchmark reissued a “buy” rating and set a $130.00 price target on shares of Integer in a research report on Friday, August 2nd.

Insider Buying and Selling

In related news, Director Jean M. Hobby sold 11,960 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total value of $1,431,133.60. Following the transaction, the director now owns 2,280 shares in the company, valued at $272,824.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Jean M. Hobby sold 11,960 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total transaction of $1,431,133.60. Following the transaction, the director now directly owns 2,280 shares in the company, valued at $272,824.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John A. Harris sold 1,521 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $120.44, for a total value of $183,189.24. Following the transaction, the executive vice president now owns 4,922 shares in the company, valued at $592,805.68. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Integer

Several large investors have recently added to or reduced their stakes in ITGR. Quest Partners LLC lifted its stake in Integer by 3,688.9% during the second quarter. Quest Partners LLC now owns 341 shares of the medical equipment provider’s stock worth $39,000 after purchasing an additional 332 shares during the last quarter. GAMMA Investing LLC increased its position in Integer by 60.9% in the second quarter. GAMMA Investing LLC now owns 375 shares of the medical equipment provider’s stock worth $43,000 after buying an additional 142 shares during the period. Principal Securities Inc. acquired a new stake in Integer in the fourth quarter worth $67,000. Headlands Technologies LLC acquired a new stake in Integer in the first quarter worth $106,000. Finally, Innealta Capital LLC acquired a new stake in Integer in the second quarter worth $110,000. 99.29% of the stock is currently owned by institutional investors.

Integer Price Performance

Shares of NYSE:ITGR opened at $130.07 on Friday. The company has a market cap of $4.36 billion, a P/E ratio of 45.01, a P/E/G ratio of 1.70 and a beta of 1.11. The company has a quick ratio of 1.96, a current ratio of 3.29 and a debt-to-equity ratio of 0.73. Integer has a 52 week low of $69.40 and a 52 week high of $131.17. The business has a fifty day simple moving average of $119.44 and a 200-day simple moving average of $116.16.

Integer (NYSE:ITGR) last announced its quarterly earnings data on Thursday, July 25th. The medical equipment provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.06. The business had revenue of $436.20 million during the quarter, compared to the consensus estimate of $437.00 million. Integer had a return on equity of 11.48% and a net margin of 6.31%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. Equities research analysts forecast that Integer will post 5.31 EPS for the current year.

About Integer

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.