New York State Teachers Retirement System Cuts Position in Integer Holdings Co. (NYSE:ITGR)

New York State Teachers Retirement System reduced its position in Integer Holdings Co. (NYSE:ITGR) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 47,951 shares of the medical equipment provider’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Integer were worth $6,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. grew its holdings in shares of Integer by 55.9% during the third quarter. Contravisory Investment Management Inc. now owns 223 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 80 shares during the last quarter. Xponance Inc. raised its position in Integer by 4.9% during the second quarter. Xponance Inc. now owns 2,112 shares of the medical equipment provider’s stock worth $245,000 after acquiring an additional 99 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in Integer by 0.9% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,572 shares of the medical equipment provider’s stock valued at $1,504,000 after buying an additional 107 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Integer by 60.9% in the second quarter. GAMMA Investing LLC now owns 375 shares of the medical equipment provider’s stock valued at $43,000 after acquiring an additional 142 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Integer by 3.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,948 shares of the medical equipment provider’s stock valued at $689,000 after purchasing an additional 205 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ITGR has been the subject of several analyst reports. Citigroup upped their target price on Integer from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. KeyCorp raised their price target on Integer from $139.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Truist Financial cut their target price on shares of Integer from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Benchmark boosted their target price on Integer from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Piper Sandler reissued an “overweight” rating and issued a $140.00 price objective (up from $125.00) on shares of Integer in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.75.

Integer Trading Up 0.1 %

Shares of ITGR opened at $126.53 on Tuesday. The company has a market capitalization of $4.24 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.28. Integer Holdings Co. has a fifty-two week low of $83.69 and a fifty-two week high of $133.53. The stock has a fifty day moving average of $127.99 and a two-hundred day moving average of $121.44.

Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.07. The company 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 business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 earnings per share. As a group, analysts forecast that Integer Holdings Co. will post 5.33 EPS for the current year.

Integer 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.