Axiom Investors LLC DE Acquires Shares of 37,772 Integer Holdings Corporation $ITGR

Key Points

• Axiom Investors LLC DE has acquired 37,772 shares of Integer Holdings Corporation, valued at approximately $4.46 million, which represents about 0.11% of the company.
• Integer Holdings has seen significant institutional interest, with 99.29% of its stock owned by institutional investors and hedge funds, and multiple firms increasing their stakes in the first quarter.
• Analysts have mixed ratings on Integer, with a consensus rating of "Buy" and a target price averaging $140.25, despite recent downgrades from firms like Wells Fargo and Truist Financial.

Axiom Investors LLC DE acquired a new stake in Integer Holdings Corporation (NYSE:ITGR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,772 shares of the medical equipment provider's stock, valued at approximately $4,457,000. Axiom Investors LLC DE owned 0.11% of Integer as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in Integer in the 1st quarter valued at $28,000. Opal Wealth Advisors LLC acquired a new position in Integer in the 1st quarter valued at $28,000. Bessemer Group Inc. increased its stake in Integer by 73.1% in the 1st quarter. Bessemer Group Inc. now owns 296 shares of the medical equipment provider's stock valued at $35,000 after buying an additional 125 shares during the period. SVB Wealth LLC acquired a new position in Integer in the 1st quarter valued at $35,000. Finally, Headlands Technologies LLC increased its stake in Integer by 1,234.8% in the 1st quarter. Headlands Technologies LLC now owns 1,228 shares of the medical equipment provider's stock valued at $145,000 after buying an additional 1,136 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Donald J. Spence sold 14,739 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $120.38, for a total value of $1,774,280.82. Following the sale, the director directly owned 18,781 shares in the company, valued at $2,260,856.78. The trade was a 43.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin C. Maxwell sold 8,720 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $120.56, for a total transaction of $1,051,283.20. Following the completion of the transaction, the director directly owned 22,170 shares of the company's stock, valued at $2,672,815.20. The trade was a 28.23% decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Integer from $152.00 to $132.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. Truist Financial decreased their target price on shares of Integer from $145.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Citigroup upgraded shares of Integer from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from $133.00 to $140.00 in a research report on Thursday, May 22nd. Raymond James Financial decreased their target price on shares of Integer from $150.00 to $143.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Integer from a "sell" rating to a "hold" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $140.25.

Integer Price Performance

Integer stock opened at $110.6490 on Friday. Integer Holdings Corporation has a 52 week low of $104.93 and a 52 week high of $146.36. The company has a quick ratio of 2.18, a current ratio of 3.41 and a debt-to-equity ratio of 0.72. The firm's 50-day simple moving average is $113.76 and its 200 day simple moving average is $119.04. The firm has a market capitalization of $3.88 billion, a PE ratio of 48.74, a P/E/G ratio of 0.87 and a beta of 1.02.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The medical equipment provider reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). Integer had a return on equity of 12.27% and a net margin of 4.61%.The business had revenue of $476.00 million during the quarter, compared to analysts' expectations of $464.37 million. During the same quarter in the prior year, the firm earned $1.30 earnings per share. Integer's quarterly revenue was up 11.4% on a year-over-year basis. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. On average, equities research analysts predict that Integer Holdings Corporation will post 6.01 EPS for the current fiscal year.

Integer 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.

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