Axiom Investors LLC DE Makes New $4.46 Million Investment in Integer Holdings Corporation $ITGR

Key Points

• Axiom Investors LLC DE has acquired a new stake in Integer Holdings Corporation, purchasing 37,772 shares valued at approximately $4,457,000 during the first quarter.
• Several other hedge funds have also significantly increased their positions in Integer, with Millennium Management LLC growing its stake by 2,408.8% and GAMMA Investing LLC increasing its stake by 8,697.6% within the same period.
• Integer Holdings Corporation recently reported earnings of $1.55 per share, slightly missing analysts' expectations, but its quarterly revenue increased by 11.4% year-over-year, leading to a positive outlook for FY 2025.

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

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Integer during the first quarter worth $28,000. AdvisorNet Financial Inc bought a new stake in shares of Integer during the first quarter worth $28,000. SVB Wealth LLC bought a new stake in shares of Integer during the first quarter worth $35,000. Bessemer Group Inc. grew its holdings in shares of Integer by 73.1% during the first quarter. Bessemer Group Inc. now owns 296 shares of the medical equipment provider's stock worth $35,000 after purchasing an additional 125 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Integer by 1,234.8% during the first quarter. Headlands Technologies LLC now owns 1,228 shares of the medical equipment provider's stock worth $145,000 after purchasing an additional 1,136 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup raised Integer from a "hold" rating to a "strong-buy" rating and upped their price target for the company from $133.00 to $140.00 in a research note on Thursday, May 22nd. Raymond James Financial cut their price target on Integer from $150.00 to $143.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Wells Fargo & Company cut their price target on 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 cut their price target on Integer from $145.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Finally, Wall Street Zen raised Integer from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Integer currently has an average rating of "Buy" and an average target price of $140.25.

Integer Trading Down 2.6%

NYSE:ITGR traded down $2.70 during mid-day trading on Friday, hitting $101.53. The company had a trading volume of 396,487 shares, compared to its average volume of 279,643. Integer Holdings Corporation has a fifty-two week low of $100.89 and a fifty-two week high of $146.36. The business's fifty day moving average is $109.53 and its two-hundred day moving average is $115.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.18 and a current ratio of 3.41. The firm has a market cap of $3.56 billion, a P/E ratio of 44.73, a P/E/G ratio of 0.82 and a beta of 1.03.

Integer (NYSE:ITGR - Get Free Report) last released its earnings results on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). Integer had a net margin of 4.61% and a return on equity of 12.27%. The company had revenue of $476.00 million during the quarter, compared to analyst estimates of $464.37 million. During the same period in the previous year, the company posted $1.30 EPS. The company's quarterly revenue was up 11.4% compared to the same quarter last year. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. As a group, research analysts expect that Integer Holdings Corporation will post 6.01 earnings per share for the current year.

About Integer

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.