Geode Capital Management LLC Sells 1,698 Shares of Integer Holdings Co. (NYSE:ITGR)

Geode Capital Management LLC lessened its holdings in shares of Integer Holdings Co. (NYSE:ITGR) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 762,830 shares of the medical equipment provider’s stock after selling 1,698 shares during the period. Geode Capital Management LLC’s holdings in Integer were worth $101,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Verition Fund Management LLC boosted its position in shares of Integer by 17.4% in the third quarter. Verition Fund Management LLC now owns 3,470 shares of the medical equipment provider’s stock valued at $451,000 after acquiring an additional 515 shares during the period. HighTower Advisors LLC boosted its holdings in Integer by 0.8% in the third quarter. HighTower Advisors LLC now owns 12,041 shares of the medical equipment provider’s stock valued at $1,579,000 after acquiring an additional 90 shares in the last quarter. Stifel Financial Corp boosted its holdings in Integer by 0.7% in the third quarter. Stifel Financial Corp now owns 31,518 shares of the medical equipment provider’s stock valued at $4,097,000 after acquiring an additional 226 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Integer by 31.5% during the 3rd quarter. XTX Topco Ltd now owns 6,764 shares of the medical equipment provider’s stock valued at $879,000 after buying an additional 1,620 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Integer by 3,443.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,890 shares of the medical equipment provider’s stock valued at $1,806,000 after buying an additional 13,498 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ITGR. Raymond James began coverage on shares of Integer in a report on Friday, March 28th. They set an “outperform” rating and a $145.00 target price on the stock. Truist Financial boosted their target price on Integer from $147.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer lowered Integer from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. KeyCorp boosted their target price on Integer from $144.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Benchmark boosted their target price on Integer from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.56.

Integer Trading Up 9.1 %

Shares of NYSE:ITGR opened at $116.48 on Thursday. The stock has a 50 day moving average of $124.83 and a 200 day moving average of $131.10. The company has a market cap of $3.92 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The company has a current ratio of 2.95, a quick ratio of 2.09 and a debt-to-equity ratio of 0.62. Integer Holdings Co. has a 12-month low of $104.93 and a 12-month high of $146.36.

Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, February 20th. The medical equipment provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $449.50 million for the quarter, compared to analysts’ expectations of $446.28 million. Integer had a return on equity of 11.65% and a net margin of 6.92%. As a group, equities research analysts expect that Integer Holdings Co. will post 6.01 EPS for the current year.

About Integer

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.