Great Lakes Advisors LLC Has $4.29 Million Position in Integer Holdings Corporation $ITGR

Key Points

• Great Lakes Advisors LLC has reduced its stake in Integer Holdings Corporation by 11.7%, owning 36,377 shares worth approximately $4.29 million as of the latest SEC filing.
• Recent analyst reports have seen price targets for Integer decrease, with Wells Fargo lowering their target from $152.00 to $132.00, while Citigroup upgraded their rating to "strong-buy" with a new target of $140.00.
• Integer's quarterly earnings report revealed earnings per share (EPS) of $1.55, which missed estimates, but revenue increased by 11.4% year-over-year, totaling $476 million.

Great Lakes Advisors LLC lessened its holdings in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,377 shares of the medical equipment provider's stock after selling 4,836 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.10% of Integer worth $4,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Congress Asset Management Co. grew its holdings in Integer by 4.9% during the first quarter. Congress Asset Management Co. now owns 522,656 shares of the medical equipment provider's stock valued at $61,679,000 after purchasing an additional 24,306 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Integer by 6.3% during the first quarter. Cooke & Bieler LP now owns 317,393 shares of the medical equipment provider's stock valued at $37,456,000 after acquiring an additional 18,790 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Integer by 6.9% during the first quarter. Raymond James Financial Inc. now owns 307,141 shares of the medical equipment provider's stock valued at $36,245,000 after acquiring an additional 19,839 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Integer during the first quarter valued at $33,337,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Integer by 7.4% during the first quarter. New York State Common Retirement Fund now owns 249,847 shares of the medical equipment provider's stock valued at $29,484,000 after acquiring an additional 17,278 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ITGR shares. Raymond James Financial cut their price objective on Integer from $150.00 to $143.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Citigroup raised 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 report on Thursday, May 22nd. Wells Fargo & Company cut their price target on Integer from $152.00 to $132.00 and set an "overweight" rating for the company in a report on Friday, July 25th. Wall Street Zen raised Integer from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Truist Financial cut their price target on Integer from $145.00 to $137.00 and set a "buy" rating for the company in a report on Friday, July 25th. One investment 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's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $140.25.

Integer Trading Down 2.6%

ITGR stock traded down $2.70 during midday trading on Friday, reaching $101.53. The stock had a trading volume of 396,487 shares, compared to its average volume of 279,643. The business has a fifty day simple moving average of $109.53 and a two-hundred day simple moving average of $115.96. The company has a quick ratio of 2.18, a current ratio of 3.41 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 0.82 and a beta of 1.03. Integer Holdings Corporation has a twelve month low of $100.89 and a twelve month high of $146.36.

Integer (NYSE:ITGR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The medical equipment provider reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). The firm had revenue of $476.00 million during 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%.Integer's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. 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 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.