Key Points
- Integer insider Kirk Thor sold 11,767 shares at an average price of $126.23, generating approximately $1.49 million and reducing his position by 62.19% to 7,153 shares.
- Integer reported quarterly EPS of $1.60, beating estimates of $1.38, while revenue of $464.11 million exceeded expectations but declined 2.6% year over year.
- Analysts largely maintain a Hold stance, with 13 Hold ratings and one Buy rating; the average price target is $109.86, below the stock’s recent price near $126.
Integer Holdings Corporation (NYSE:ITGR - Get Free Report) insider Kirk Thor sold 11,767 shares of the 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 transaction, the insider owned 7,153 shares of the company's stock, valued at $902,923.19. The trade was a 62.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Integer Stock Up 0.0%
Shares of ITGR stock opened at $126.22 on Thursday. The company has a current ratio of 3.73, a quick ratio of 2.41 and a debt-to-equity ratio of 0.75. Integer Holdings Corporation has a 1 year low of $62.00 and a 1 year high of $126.79. The firm's fifty day moving average price is $116.25 and its two-hundred day moving average price is $98.19. The firm has a market capitalization of $4.29 billion, a P/E ratio of 34.49, a PEG ratio of 2.40 and a beta of 0.62.
Integer (NYSE:ITGR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.38 by $0.22. Integer had a net margin of 6.97% and a return on equity of 12.79%. The firm had revenue of $464.11 million for the quarter, compared to analysts' expectations of $451.07 million. During the same period in the previous year, the firm posted $1.55 EPS. The company's revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts predict that Integer Holdings Corporation will post 6.09 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently commented on ITGR shares. Truist Financial cut Integer from a "buy" rating to a "hold" rating and increased their price target for the company from $110.00 to $127.00 in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Integer in a research report on Monday. Wells Fargo & Company upped their price objective on Integer from $84.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 4th. Benchmark cut Integer from a "buy" rating to a "hold" rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Integer from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $109.86.
Get Our Latest Stock Report on ITGR
Institutional Investors Weigh In On Integer
A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Integer by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,484,396 shares of the medical equipment provider's stock valued at $130,620,000 after purchasing an additional 90,277 shares during the last quarter. Irenic Capital Management LP bought a new position in Integer during the fourth quarter worth about $99,109,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Integer by 1,141.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider's stock worth $72,076,000 after buying an additional 753,081 shares during the last quarter. Geode Capital Management LLC increased its position in Integer by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 832,911 shares of the medical equipment provider's stock worth $65,336,000 after buying an additional 3,664 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Integer in the second quarter valued at approximately $50,925,000. 99.29% of the stock is owned by institutional investors.
About Integer
(
Get Free Report)
Integer Holdings Corporation, doing business as Integer, is a medical device contract development and manufacturing company. The company partners with medical technology companies to design, develop and manufacture components and finished products used in a range of healthcare applications.
Integer's medical products include batteries and power sources, implantable components, electrodes, leads, catheters and other products used in cardiovascular, neuromodulation, vascular, orthopedic, diabetes and minimally invasive medical devices.
Further Reading
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