Integer (NYSE:ITGR) Insider Andrew Senn Sells 9,408 Shares of Stock

Integer Holdings Corporation (NYSE:ITGR) insider Andrew Senn sold 9,408 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total transaction of $1,188,230.40. Following the sale, the insider owned 5,405 shares of the company’s stock, valued at $682,651.50. The trade was a 63.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Integer Stock Up 0.2%

NYSE:ITGR opened at $126.11 on Friday. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.39 and a beta of 0.62. Integer Holdings Corporation has a 1 year low of $62.00 and a 1 year high of $126.79. The stock has a 50-day moving average price of $113.59 and a two-hundred day moving average price of $97.08. The company has a current ratio of 3.73, a quick ratio of 2.41 and a debt-to-equity ratio of 0.75.

Integer (NYSE:ITGR) last announced its earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $1.55 EPS. Integer’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities analysts expect that Integer Holdings Corporation will post 6.09 earnings per share for the current year.

Institutional Trading of Integer

A number of institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Integer during the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its position in shares of Integer by 48.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock worth $32,000 after buying an additional 117 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Integer during the second quarter valued at approximately $42,000. TD Private Client Wealth LLC raised its holdings in shares of Integer by 1,037.5% during the fourth 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 in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Integer by 135.5% during the fourth 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 in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ITGR has been the topic of several recent research reports. Zacks Research upgraded shares of Integer from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Piper Sandler cut shares of Integer from an “overweight” rating to a “hold” rating and set a $127.00 target price on the stock. in a research note on Monday, August 3rd. Truist Financial downgraded shares of Integer from a “buy” rating to a “hold” rating and raised their price objective for the stock from $110.00 to $127.00 in a report on Monday, August 3rd. Freedom Capital cut Integer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Raymond James Financial lowered Integer from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Integer currently has a consensus rating of “Hold” and an average target price of $109.86.

About Integer

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.