Integer Holdings Corporation (NYSE:ITGR) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Integer Holdings Corporation (NYSE:ITGR) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $113.67.

A number of analysts recently commented on ITGR shares. Zacks Research upgraded shares of Integer from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Piper Sandler lowered shares of Integer from an “overweight” rating to a “hold” rating and set a $127.00 price target on the stock. in a research note on Monday, August 3rd. Benchmark cut shares of Integer from a “buy” rating to a “hold” rating in a report on Thursday, August 13th. HC Wainwright reiterated a “buy” rating on shares of Integer in a research note on Friday, July 24th. Finally, Weiss Ratings lowered shares of Integer from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday.

Insiders Place Their Bets

In other Integer news, insider Kirk K. Thor sold 19,773 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $126.25, for a total transaction of $2,496,341.25. Following the sale, the insider owned 18,920 shares in the company, valued at approximately $2,388,650. The trade was a 51.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Senn sold 9,408 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total value of $1,188,230.40. Following the sale, the insider owned 5,405 shares in the company, valued at approximately $682,651.50. The trade was a 63.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,948 shares of company stock valued at $5,169,920 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Integer

Institutional investors and hedge funds have recently modified their holdings of the company. First Trust Capital Management L.P. purchased a new position in Integer during the third quarter valued at $64,247,000. Maryland State Retirement & Pension System grew its position in shares of Integer by 52.8% in the third quarter. Maryland State Retirement & Pension System now owns 7,547 shares of the medical equipment provider’s stock valued at $954,000 after purchasing an additional 2,609 shares during the period. Lido Advisors LLC increased its stake in shares of Integer by 65.8% during the third quarter. Lido Advisors LLC now owns 6,846 shares of the medical equipment provider’s stock worth $865,000 after purchasing an additional 2,717 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Integer during the third quarter worth about $5,087,000. Finally, Ethic Inc. increased its stake in shares of Integer by 28.9% during the third quarter. Ethic Inc. now owns 2,925 shares of the medical equipment provider’s stock worth $370,000 after purchasing an additional 655 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Integer Stock Up 0.0%

Shares of ITGR stock opened at $126.58 on Monday. Integer has a 1-year low of $66.32 and a 1-year high of $126.83. The stock’s fifty day moving average price is $126.37 and its 200 day moving average price is $101.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.98 and a quick ratio of 2.60. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 42.48, a price-to-earnings-growth ratio of 2.41 and a beta of 0.60.

Integer (NYSE:ITGR) last posted its quarterly earnings data on Thursday, October 29th. The medical equipment provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.34). Integer had a net margin of 5.68% and a return on equity of 11.84%. The company had revenue of $449.66 million for the quarter, compared to analyst estimates of $456.91 million. During the same quarter last year, the company earned $1.79 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. On average, research analysts expect that Integer will post 6.09 earnings per share for the current fiscal year.

About Integer

Integer Holdings Corporation develops and manufactures medical-device components and provides outsourced manufacturing services for medical technology companies. Its products are used in devices for cardiac rhythm management, neuromodulation, cardiovascular care, and other medical applications.

The company’s offerings include batteries, capacitors, leads, catheters, and precision components, as well as engineered assemblies and manufacturing support. Integer serves medical-device original equipment manufacturers around the world.

Integer was formed in 2016 through the combination of Greatbatch and Lake Region Medical.