7,760 Shares in Integer Holdings Corporation $ITGR Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $916,000 in Integer Holdings Corporation by acquiring 7,760 shares.
• Integer Holdings Corporation reported a 2Q earnings of $1.55 per share, missing estimates by $0.02, but achieved a revenue of $476 million, exceeding expectations.
• The stock has received multiple upgrades from analysts, with a consensus price target of $140.25, reflecting strong investment interest and potential future growth.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,760 shares of the medical equipment provider's stock, valued at approximately $916,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. TD Private Client Wealth LLC raised its holdings in shares of Integer by 5.8% during the first quarter. TD Private Client Wealth LLC now owns 1,524 shares of the medical equipment provider's stock worth $180,000 after acquiring an additional 83 shares during the period. Xponance Inc. increased its stake in Integer by 5.1% in the 1st quarter. Xponance Inc. now owns 2,518 shares of the medical equipment provider's stock valued at $297,000 after buying an additional 122 shares during the last quarter. 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 last quarter. Nisa Investment Advisors LLC increased its stake in Integer by 1.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 20,450 shares of the medical equipment provider's stock valued at $2,413,000 after buying an additional 197 shares during the last quarter. Finally, LVZ Inc. increased its stake in Integer by 7.9% in the 1st quarter. LVZ Inc. now owns 2,830 shares of the medical equipment provider's stock valued at $334,000 after buying an additional 207 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Integer Stock Performance

Shares of Integer stock traded down $2.70 during trading on Friday, hitting $101.53. 396,487 shares of the stock were exchanged, compared to its average volume of 289,350. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 0.80 and a beta of 1.03. The company has a fifty day moving average price of $109.53 and a 200-day moving average price of $115.83. Integer Holdings Corporation has a 1-year low of $100.89 and a 1-year high of $146.36. The company has a current ratio of 3.41, a quick ratio of 2.18 and a debt-to-equity ratio of 0.72.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $476.00 million for the quarter, compared to analyst estimates of $464.37 million. Integer had a return on equity of 12.27% and a net margin of 4.61%.The firm's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. As a group, equities 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.