Integer (NYSE:ITGR) Reaches New 12-Month High at $131.17

Integer Holdings Co. (NYSE:ITGR)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $131.17 and last traded at $130.59, with a volume of 9846 shares. The stock had previously closed at $128.45.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ITGR. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of Integer in a research note on Friday, August 2nd. Citigroup boosted their price target on shares of Integer from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Oppenheimer began coverage on shares of Integer in a report on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price objective for the company. Finally, Truist Financial began coverage on Integer in a report on Wednesday, May 15th. They issued a “buy” rating and a $137.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.86.

Integer Stock Performance

The firm has a fifty day simple moving average of $119.44 and a 200-day simple moving average of $116.24. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 45.01, a P/E/G ratio of 1.70 and a beta of 1.11. The company has a current ratio of 3.29, a quick ratio of 1.96 and a debt-to-equity ratio of 0.73.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, July 25th. The medical equipment provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.06. The business had revenue of $436.20 million for the quarter, compared to analysts’ expectations of $437.00 million. Integer had a return on equity of 11.48% and a net margin of 6.31%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 earnings per share. Analysts forecast that Integer Holdings Co. will post 5.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jean M. Hobby sold 11,960 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $119.66, for a total value of $1,431,133.60. Following the sale, the director now directly owns 2,280 shares in the company, valued at approximately $272,824.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jean M. Hobby sold 11,960 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.66, for a total value of $1,431,133.60. Following the sale, the director now directly owns 2,280 shares of the company’s stock, valued at approximately $272,824.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John A. Harris sold 1,521 shares of the stock in a transaction dated 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 of the company’s stock, valued at $592,805.68. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. North Growth Management Ltd. bought a new stake in shares of Integer during the 4th quarter valued at $9,155,000. GSA Capital Partners LLP acquired a new position in Integer during the 1st quarter valued at about $786,000. Public Employees Retirement Association of Colorado grew its stake in shares of Integer by 3,260.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 285,439 shares of the medical equipment provider’s stock worth $28,281,000 after acquiring an additional 276,944 shares in the last quarter. Norges Bank bought a new stake in Integer during the fourth quarter worth $18,697,000. Finally, Blue Trust Inc. raised its position in Integer by 460.4% in the second quarter. Blue Trust Inc. now owns 5,643 shares of the medical equipment provider’s stock worth $658,000 after acquiring an additional 4,636 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Integer Company Profile

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.