Integer (NYSE:ITGR) Hits New 52-Week High – Here’s What Happened

Integer Holdings Co. (NYSE:ITGR) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $144.32 and last traded at $144.74, with a volume of 8137 shares trading hands. The stock had previously closed at $143.13.

Wall Street Analysts Forecast Growth

ITGR has been the subject of several research reports. Truist Financial increased their price target on Integer from $147.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company reiterated an “overweight” rating and set a $160.00 target price on shares of Integer in a research report on Tuesday, December 3rd. Benchmark raised their price objective on shares of Integer from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Citigroup upped their target price on shares of Integer from $130.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler restated an “overweight” rating and set a $140.00 price target (up previously 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 eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $146.56.

Integer Trading Up 1.8 %

The company has a current ratio of 3.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.89 billion, a PE ratio of 45.14, a PEG ratio of 1.80 and a beta of 1.12. The stock has a 50 day moving average price of $137.50 and a 200 day moving average price of $130.17.

Institutional Investors Weigh In On Integer

Several institutional investors and hedge funds have recently made changes to their positions in ITGR. Loomis Sayles & Co. L P boosted its position in shares of Integer by 3.0% during the third quarter. Loomis Sayles & Co. L P now owns 538,027 shares of the medical equipment provider’s stock valued at $69,943,000 after buying an additional 15,446 shares during the last quarter. Jane Street Group LLC grew its position in shares of Integer by 23.3% during the 3rd quarter. Jane Street Group LLC now owns 151,397 shares of the medical equipment provider’s stock valued at $19,682,000 after acquiring an additional 28,572 shares during the period. Verition Fund Management LLC raised its holdings in Integer by 17.4% in the 3rd quarter. Verition Fund Management LLC now owns 3,470 shares of the medical equipment provider’s stock worth $451,000 after purchasing an additional 515 shares during the period. Versant Capital Management Inc lifted its position in Integer by 98.4% during the fourth quarter. Versant Capital Management Inc now owns 369 shares of the medical equipment provider’s stock valued at $49,000 after purchasing an additional 183 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in Integer by 3.5% in the third quarter. Lord Abbett & CO. LLC now owns 290,120 shares of the medical equipment provider’s stock worth $37,716,000 after buying an additional 9,754 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

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.