Integer Holdings Corporation (NYSE:ITGR) Stock Has Consensus Price Target of $109.86 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on Integer Holdings, with 13 hold ratings and one buy rating. The average 12-month price target is $109.86.
• Integer reported quarterly EPS of $1.60, beating the $1.38 consensus estimate, while revenue of $464.11 million exceeded expectations; however, revenue declined 2.6% year over year.
• Insiders sold 40,948 shares worth approximately $5.17 million over the past three months, while institutional investors and hedge funds own 99.29% of the company.

Integer Holdings Corporation (NYSE:ITGR - Get Free Report) has been assigned an average rating of "Hold" from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $109.86.

ITGR has been the subject of a number of analyst reports. KeyCorp cut Integer from an "overweight" rating to a "sector weight" rating in a research report on Monday, August 3rd. Piper Sandler lowered Integer from an "overweight" rating to a "hold" rating and set a $127.00 price objective on the stock. in a report on Monday, August 3rd. Raymond James Financial downgraded Integer from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Integer in a report on Monday, September 14th. Finally, Truist Financial cut Integer from a "buy" rating to a "hold" rating and upped their target price for the stock from $110.00 to $127.00 in a research report on Monday, August 3rd.

Insider Buying and Selling

In other news, insider Kirk Thor sold 19,773 shares of the business's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $126.25, for a total value of $2,496,341.25. Following the completion of the sale, the insider directly owned 18,920 shares in the company, valued at approximately $2,388,650. The trade was a 51.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Senn sold 9,408 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $126.30, for a total transaction of $1,188,230.40. Following the sale, the insider directly owned 5,405 shares of the company's stock, valued at approximately $682,651.50. This represents a 63.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 40,948 shares of company stock worth $5,169,920. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Integer

Several large investors have recently made changes to their positions in the business. Canandaigua National Bank & Trust Co. acquired a new position in shares of Integer during the third quarter worth approximately $253,000. HBK Investments L P acquired a new stake in shares of Integer during the 2nd quarter worth approximately $14,502,000. Sequoia Financial Advisors LLC increased its position in shares of Integer by 4.7% during the second quarter. Sequoia Financial Advisors LLC now owns 3,180 shares of the medical equipment provider's stock valued at $297,000 after purchasing an additional 142 shares during the period. Corient Private Wealth LP increased its position in shares of Integer by 10.7% during the second quarter. Corient Private Wealth LP now owns 48,981 shares of the medical equipment provider's stock valued at $4,577,000 after purchasing an additional 4,742 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Integer in the second quarter valued at $215,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Integer Trading Up 0.1%

NYSE ITGR opened at $126.61 on Thursday. 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 has a 1-year low of $62.00 and a 1-year high of $126.79. The firm's fifty day simple moving average is $125.17 and its 200-day simple moving average is $102.55. The company has a market capitalization of $4.30 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.40 and a beta of 0.58.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $464.11 million during the quarter, compared to analysts' expectations of $451.07 million. Integer had a return on equity of 12.79% and a net margin of 6.97%.The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. As a group, sell-side analysts anticipate that Integer will post 6.09 earnings per share for the current fiscal year.

Integer Company Profile

Integer Holdings Corporation NYSE: ITGR is a medical device contract development and manufacturing company. The company designs, develops and manufactures components and finished products for medical device manufacturers, helping customers bring products from concept and development through commercial production.

Integer's products and technologies support a range of medical applications, including cardiac and vascular devices, neuromodulation systems, orthopedics, and other specialty medical products.

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