State of Wyoming Invests $582,000 in Integer Holdings Corporation $ITGR

State of Wyoming purchased a new stake in Integer Holdings Corporation (NYSE:ITGR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,227 shares of the medical equipment provider’s stock, valued at approximately $582,000.

Several other institutional investors have also made changes to their positions in ITGR. Salomon & Ludwin LLC increased its stake in Integer by 46.8% during the 4th quarter. Salomon & Ludwin LLC now owns 370 shares of the medical equipment provider’s stock worth $29,000 after acquiring an additional 118 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Integer by 48.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock valued at $32,000 after acquiring an additional 117 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Integer by 1,037.5% during the 4th quarter. TD Private Client Wealth LLC now owns 455 shares of the medical equipment provider’s stock valued at $36,000 after acquiring an additional 415 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Integer by 135.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 464 shares of the medical equipment provider’s stock valued at $36,000 after acquiring an additional 267 shares during the period. Finally, Arax Advisory Partners lifted its position in shares of Integer by 2,489.5% during the 4th quarter. Arax Advisory Partners now owns 492 shares of the medical equipment provider’s stock valued at $39,000 after acquiring an additional 473 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Integer from $84.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Oppenheimer lowered shares of Integer from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. Piper Sandler cut shares of Integer from an “overweight” rating to a “hold” rating and set a $127.00 target price for the company. in a research report on Monday, August 3rd. Zacks Research upgraded shares of Integer from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, KeyCorp downgraded shares of Integer from an “overweight” rating to a “sector weight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.86.

Integer Price Performance

Integer stock opened at $125.34 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 3.73. Integer Holdings Corporation has a 52 week low of $62.00 and a 52 week high of $126.14. The stock has a market capitalization of $4.26 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 2.98 and a beta of 0.61. The stock has a fifty day moving average of $100.80 and a 200-day moving average of $91.78.

Integer (NYSE:ITGR) last released its quarterly earnings data on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.22. Integer had a return on equity of 12.79% and a net margin of 6.97%.The business had revenue of $464.11 million for the quarter, compared to analyst estimates of $451.07 million. During the same period last year, the firm posted $1.55 earnings per share. Integer’s revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Integer Holdings Corporation will post 6.04 earnings per share for the current fiscal year.

Integer Profile

Integer Holdings Corporation (NYSE: ITGR) is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer’s product portfolio is organized into two core segments: Advanced Delivery and MedTech.