First National Bank of Omaha Takes $1.73 Million Position in Integer Holdings Corporation $ITGR

Key Points

• First National Bank of Omaha purchased 18,460 shares of Integer Holdings worth approximately $1.73 million, giving it a 0.05% stake. Institutional investors and hedge funds collectively own 99.29% of the company.
• Integer’s latest quarterly results exceeded expectations, with earnings of $1.60 per share versus the $1.38 consensus estimate and revenue of $464.11 million. However, revenue declined 2.6% year over year.
• Analyst sentiment is largely cautious: 13 analysts rate the stock “Hold” and one rates it “Buy,” with a consensus price target of $109.86, below the reported opening price of $125.29.

First National Bank of Omaha purchased a new position in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,460 shares of the medical equipment provider's stock, valued at approximately $1,725,000. First National Bank of Omaha owned 0.05% of Integer at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Irenic Capital Management LP bought a new position in Integer in the fourth quarter valued at approximately $99,109,000. Alliancebernstein L.P. lifted its stake in Integer by 885.1% during the second quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider's stock worth $136,016,000 after purchasing an additional 993,810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Integer by 1,141.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 819,046 shares of the medical equipment provider's stock valued at $72,076,000 after purchasing an additional 753,081 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Integer by 3,350.2% in the 4th quarter. Millennium Management LLC now owns 677,108 shares of the medical equipment provider's stock valued at $53,106,000 after purchasing an additional 657,483 shares in the last quarter. Finally, J. Goldman & Co LP bought a new position in shares of Integer in the 4th quarter valued at $40,531,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Freedom Capital cut Integer from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. HC Wainwright reaffirmed a "buy" rating on shares of Integer in a research note on Friday, July 24th. Raymond James Financial cut Integer from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 3rd. Benchmark downgraded Integer from a "buy" rating to a "hold" rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Integer from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $109.86.

Integer Price Performance

ITGR stock opened at $125.29 on Thursday. The company has a market capitalization of $4.26 billion, a P/E ratio of 34.23, a PEG ratio of 2.96 and a beta of 0.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 3.73. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $126.14. The company has a fifty day moving average price of $102.77 and a 200-day moving average price of $92.60.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The medical equipment provider reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.22. The firm had revenue of $464.11 million for the quarter, compared to analyst estimates of $451.07 million. Integer had a return on equity of 12.79% and a net margin of 6.97%.The business's revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, 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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