Pictet Asset Management Holding SA Decreases Position in Integer Holdings Corporation $ITGR

Pictet Asset Management Holding SA lessened its holdings in Integer Holdings Corporation (NYSE:ITGR) by 97.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,679 shares of the medical equipment provider’s stock after selling 233,093 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Integer were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Tudor Investment Corp ET AL increased its position in shares of Integer by 50,787.5% in the third quarter. Tudor Investment Corp ET AL now owns 29,500,000 shares of the medical equipment provider’s stock valued at $28,606,000 after acquiring an additional 29,442,029 shares during the period. Vanguard Group Inc. boosted its stake in Integer by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,886,150 shares of the medical equipment provider’s stock worth $304,791,000 after acquiring an additional 14,465 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Integer by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,410,480 shares of the medical equipment provider’s stock worth $145,738,000 after acquiring an additional 65,865 shares in the last quarter. State Street Corp lifted its stake in shares of Integer by 1.0% in the second quarter. State Street Corp now owns 1,326,050 shares of the medical equipment provider’s stock worth $163,064,000 after buying an additional 13,540 shares in the last quarter. Finally, Viking Global Investors LP lifted its stake in shares of Integer by 9.1% in the second quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider’s stock worth $157,889,000 after buying an additional 106,692 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In related news, VP Tommy P. Thomas sold 825 shares of Integer stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $85.00, for a total transaction of $70,125.00. Following the completion of the sale, the vice president owned 4,381 shares in the company, valued at $372,385. This trade represents a 15.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Integer Price Performance

Integer stock opened at $88.15 on Friday. The firm has a 50-day moving average price of $86.12 and a 200-day moving average price of $81.10. The firm has a market capitalization of $2.99 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.53 and a beta of 0.67. The company has a current ratio of 3.75, a quick ratio of 2.38 and a debt-to-equity ratio of 0.77. Integer Holdings Corporation has a 12-month low of $62.00 and a 12-month high of $123.78.

Integer (NYSE:ITGR) last released its earnings results on Thursday, April 30th. The medical equipment provider reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.01). The firm had revenue of $439.58 million during the quarter, compared to the consensus estimate of $426.48 million. Integer had a return on equity of 12.83% and a net margin of 7.64%.Integer’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. Integer has set its FY 2026 guidance at 5.830-6.400 EPS. As a group, equities research analysts forecast that Integer Holdings Corporation will post 6.11 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ITGR shares. Weiss Ratings upgraded shares of Integer from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Raymond James Financial reiterated an “outperform” rating and issued a $101.00 price target on shares of Integer in a research report on Monday, February 23rd. Citigroup reduced their price objective on shares of Integer from $92.00 to $89.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Wall Street Zen cut shares of Integer from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Piper Sandler restated an “overweight” rating and set a $97.00 price target (up from $87.00) on shares of Integer in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.29.

Integer Company 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.