Emerald Investment Advisers LLC Takes $3.90 Million Position in Integer Holdings Corporation $ITGR

Emerald Investment Advisers LLC acquired a new stake in Integer Holdings Corporation (NYSE:ITGR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 41,686 shares of the medical equipment provider's stock, valued at approximately $3,896,000. Emerald Investment Advisers LLC owned about 0.12% of Integer at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ITGR. Vanguard Group Inc. raised its position in Integer by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,886,150 shares of the medical equipment provider's stock worth $304,791,000 after acquiring an additional 14,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Integer by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,484,396 shares of the medical equipment provider's stock valued at $130,620,000 after acquiring an additional 90,277 shares during the last quarter. State Street Corp lifted its stake in Integer by 3.7% in the fourth quarter. State Street Corp now owns 1,371,767 shares of the medical equipment provider's stock valued at $107,588,000 after acquiring an additional 48,463 shares during the last quarter. Viking Global Investors LP grew its position in shares of Integer by 9.1% in the 2nd quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider's stock valued at $157,889,000 after acquiring an additional 106,692 shares during the period. Finally, Irenic Capital Management LP bought a new position in shares of Integer in the 4th quarter valued at about $99,109,000. 99.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ITGR has been the topic of a number of research analyst reports. Raymond James Financial cut shares of Integer from a "moderate buy" rating to a "hold" rating in a report on Monday, August 3rd. Citigroup boosted their price target on Integer from $92.00 to $96.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Weiss Ratings restated a "hold (c)" rating on shares of Integer in a research note on Thursday, June 18th. HC Wainwright reaffirmed a "buy" rating on shares of Integer in a research report on Friday, July 24th. Finally, Wells Fargo & Company lifted their target price on Integer from $84.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $109.86.

Integer Stock Up 0.0%

ITGR opened at $125.22 on Friday. Integer Holdings Corporation has a fifty-two week low of $62.00 and a fifty-two week high of $126.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 3.73. The company has a market capitalization of $4.26 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.96 and a beta of 0.61. The stock has a fifty day moving average of $104.12 and a 200-day moving average of $93.10.

Integer (NYSE:ITGR - Get Free Report) last announced its earnings results 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. Integer had a net margin of 6.97% and a return on equity of 12.79%. The company had revenue of $464.11 million during the quarter, compared to analysts' expectations of $451.07 million. During the same quarter in the previous year, the business posted $1.55 earnings per share. Integer's quarterly revenue was down 2.6% on a year-over-year basis. On average, equities analysts expect that Integer Holdings Corporation will post 6.08 EPS for the current year.

Integer Company Profile

Integer Holdings Corporation NYSE: ITGR is a global provider of outsourced medical device design, development and manufacturing solutions. The company partners with leading medical technology firms to deliver complex components, subsystems and finished devices across a range of therapeutic areas. Its services encompass concept and product design, precision machining, microelectronic assembly, terminal sterilization and regulatory support, enabling customers to accelerate time to market and optimize product performance.

Integer's product portfolio is organized into two core segments: Advanced Delivery and MedTech.

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