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 purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in Integer in the first quarter worth $28,000. AdvisorNet Financial Inc purchased a new stake in shares of Integer during the first quarter valued at $28,000. SVB Wealth LLC bought a new position in shares of Integer in the first quarter worth about $35,000. Bessemer Group Inc. grew its holdings in shares of Integer by 73.1% in 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 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 worth $145,000 after buying an additional 1,136 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Integer Stock Up 1.6%

ITGR stock traded up $1.67 during trading on Thursday, reaching $104.14. 445,016 shares of the company traded hands, compared to its average volume of 267,399. The business has a 50 day simple moving average of $109.92 and a 200 day simple moving average of $116.14. Integer Holdings Corporation has a 12 month low of $101.63 and a 12 month high of $146.36. 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 company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 45.88, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings results 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 net margin of 4.61% and a return on equity of 12.27%. The firm had revenue of $476.00 million for the quarter, compared to analysts' expectations of $464.37 million. During the same period in the previous year, the company posted $1.30 earnings per share. The business'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. On average, equities research analysts anticipate that Integer Holdings Corporation will post 6.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial lowered their price objective on shares of Integer from $145.00 to $137.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Citigroup upgraded Integer from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $133.00 to $140.00 in a report on Thursday, May 22nd. Wells Fargo & Company dropped their price objective on Integer from $152.00 to $132.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. Wall Street Zen raised Integer from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Raymond James Financial lowered their target price on Integer from $150.00 to $143.00 and set an "outperform" rating for the company in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $140.25.

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.