F M Investments LLC Raises Holdings in Integer Holdings Co. (NYSE:ITGR)

F M Investments LLC increased its holdings in Integer Holdings Co. (NYSE:ITGR) by 1.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 97,164 shares of the medical equipment provider’s stock after purchasing an additional 925 shares during the quarter. F M Investments LLC’s holdings in Integer were worth $12,631,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. James Investment Research Inc. lifted its stake in Integer by 7.2% during the third quarter. James Investment Research Inc. now owns 12,290 shares of the medical equipment provider’s stock worth $1,598,000 after purchasing an additional 824 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Integer by 1.0% in the third quarter. New York State Common Retirement Fund now owns 192,411 shares of the medical equipment provider’s stock valued at $25,013,000 after acquiring an additional 1,820 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of Integer by 3.9% in the third quarter. Congress Asset Management Co. now owns 488,785 shares of the medical equipment provider’s stock valued at $63,542,000 after acquiring an additional 18,303 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Integer in the third quarter valued at $215,000. Finally, OLD National Bancorp IN raised its stake in shares of Integer by 10.9% in the third quarter. OLD National Bancorp IN now owns 2,375 shares of the medical equipment provider’s stock valued at $309,000 after acquiring an additional 234 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ITGR. Truist Financial dropped their target price on Integer from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Benchmark raised their price target on Integer from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Piper Sandler reissued an “overweight” rating and set a $140.00 price target (up previously from $125.00) on shares of Integer in a report on Friday, October 25th. Oppenheimer began coverage on shares of Integer in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $135.00 price objective for the company. Finally, Citigroup raised their price objective on shares of Integer from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.75.

Integer Price Performance

NYSE:ITGR traded up $2.20 during trading hours on Friday, reaching $126.45. 197,695 shares of the company traded hands, compared to its average volume of 311,612. Integer Holdings Co. has a 1-year low of $82.65 and a 1-year high of $133.53. The stock has a market cap of $4.24 billion, a P/E ratio of 39.03, a P/E/G ratio of 1.87 and a beta of 1.08. The firm’s 50-day moving average is $128.00 and its 200-day moving average is $121.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.28 and a quick ratio of 2.09.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The business had revenue of $431.42 million during the quarter, compared to analyst estimates of $440.59 million. Integer had a net margin of 6.70% and a return on equity of 11.63%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 earnings per share. Equities research analysts expect that Integer Holdings Co. will post 5.33 earnings per share for the current fiscal 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.