Key Points
- EVP Diron Smith bought 1,116 shares of Integer at an average price of $67.19 on Nov. 7, increasing his stake 16.96% to 7,698 shares (~$517,229), according to an SEC filing.
- The Board authorized a $200 million share buyback on Nov. 4, enabling repurchase of up to about 8.3% of outstanding shares.
- Integer recently beat quarterly EPS estimates with $1.79 (vs. $1.68) and revenue rose 8.4%; the company set FY2025 guidance of $6.29–$6.43 EPS, while analysts have trimmed price targets and the consensus rating is "Hold" (average target $96.75).
Integer Holdings Corporation (NYSE:ITGR - Get Free Report) EVP Diron Smith acquired 1,116 shares of the company's stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $67.19 per share, for a total transaction of $74,984.04. Following the acquisition, the executive vice president owned 7,698 shares of the company's stock, valued at approximately $517,228.62. The trade was a 16.96% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Integer Trading Up 0.8%
ITGR opened at $68.81 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 3.71 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 0.60 and a beta of 0.95. The business's 50 day moving average is $94.70 and its two-hundred day moving average is $108.53. Integer Holdings Corporation has a 52 week low of $62.00 and a 52 week high of $146.36.
Integer (NYSE:ITGR - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The medical equipment provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.11. Integer had a net margin of 4.75% and a return on equity of 12.84%. During the same quarter in the prior year, the company posted $1.43 EPS. Integer's revenue was up 8.4% on a year-over-year basis. Integer has set its FY 2025 guidance at 6.290-6.430 EPS. On average, research analysts predict that Integer Holdings Corporation will post 6.01 EPS for the current year.
Integer announced that its Board of Directors has authorized a stock buyback program on Tuesday, November 4th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the medical equipment provider to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Integer from a "buy" rating to a "hold" rating in a research report on Saturday, October 25th. KeyCorp reduced their price objective on shares of Integer from $145.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, October 21st. Wells Fargo & Company reissued an "equal weight" rating and set a $80.00 target price (down from $132.00) on shares of Integer in a research note on Friday, October 24th. Piper Sandler decreased their price target on Integer from $155.00 to $82.00 and set an "overweight" rating on the stock in a research note on Friday, October 24th. Finally, Benchmark restated a "hold" rating on shares of Integer in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $96.75.
Read Our Latest Research Report on Integer
Institutional Trading of Integer
A number of hedge funds have recently bought and sold shares of ITGR. Salomon & Ludwin LLC acquired a new stake in shares of Integer during the third quarter worth $26,000. Global Retirement Partners LLC boosted its stake in Integer by 293.8% in the 3rd quarter. Global Retirement Partners LLC now owns 319 shares of the medical equipment provider's stock worth $33,000 after buying an additional 238 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Integer during the 1st quarter valued at about $35,000. CWM LLC raised its stake in Integer by 46.1% during the second quarter. CWM LLC now owns 355 shares of the medical equipment provider's stock worth $44,000 after purchasing an additional 112 shares during the period. Finally, MAI Capital Management boosted its holdings in shares of Integer by 220.9% in the 2nd quarter. MAI Capital Management now owns 369 shares of the medical equipment provider's stock valued at $45,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.
Integer Company Profile
(
Get Free Report)
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.
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