Intech Investment Management LLC Sells 1,036 Shares of Integer Holdings Corporation $ITGR

Intech Investment Management LLC decreased its stake in shares of Integer Holdings Corporation (NYSE:ITGR) by 4.6% during the 2nd quarter, Holdings Channel reports. The firm owned 21,646 shares of the medical equipment provider’s stock after selling 1,036 shares during the period. Intech Investment Management LLC’s holdings in Integer were worth $2,662,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Integer during the second quarter worth $2,486,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Integer by 11.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,958 shares of the medical equipment provider’s stock valued at $1,102,000 after acquiring an additional 931 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Integer by 11.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,905 shares of the medical equipment provider’s stock worth $972,000 after purchasing an additional 805 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Integer by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 819,089 shares of the medical equipment provider’s stock valued at $100,736,000 after purchasing an additional 31,026 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in Integer in the 2nd quarter valued at about $667,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Buying and Selling at Integer

In other Integer news, CEO Payman Khales purchased 3,127 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $64.94 per share, with a total value of $203,067.38. Following the completion of the transaction, the chief executive officer owned 22,865 shares in the company, valued at $1,484,853.10. The trade was a 15.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diron Smith acquired 1,116 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $67.19 per share, with a total value of $74,984.04. Following the acquisition, the executive vice president directly owned 7,698 shares in the company, valued at approximately $517,228.62. This trade represents a 16.96% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 5,843 shares of company stock valued at $384,771 in the last three months. 2.16% of the stock is owned by insiders.

Integer Stock Performance

NYSE:ITGR opened at $67.60 on Thursday. The stock has a 50 day simple moving average of $89.48 and a 200 day simple moving average of $105.88. The stock has a market cap of $2.37 billion, a P/E ratio of 28.28, a PEG ratio of 0.60 and a beta of 0.95. Integer Holdings Corporation has a 1-year low of $62.00 and a 1-year high of $146.36. The company has a current ratio of 3.71, a quick ratio of 2.45 and a debt-to-equity ratio of 0.70.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, October 23rd. The medical equipment provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.11. Integer had a return on equity of 12.84% and a net margin of 4.75%.During the same quarter in the previous year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Integer has set its FY 2025 guidance at 6.290-6.430 EPS. Research analysts anticipate that Integer Holdings Corporation will post 6.01 earnings per share for the current year.

Integer announced that its Board of Directors has initiated a share buyback program on Tuesday, November 4th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the medical equipment provider to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Argus downgraded Integer from a “buy” rating to a “hold” rating in a research report on Friday, October 24th. Benchmark reissued a “hold” rating on shares of Integer in a report on Friday, October 24th. Raymond James Financial restated an “outperform” rating and issued a $95.00 price target (down previously from $143.00) on shares of Integer in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Integer in a research report on Friday, October 31st. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $80.00 price objective (down from $132.00) on shares of Integer in a report on Friday, October 24th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $96.75.

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.