Integer Holdings Corporation $ITGR Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Integer Holdings Corporation by 6.9% during the 2nd quarter, owning a total of 39,865 shares valued at approximately $4.9 million.
• Multiple analysts have recently adjusted their price targets for Integer, with Truist Financial lowering it from $145.00 to $137.00 while maintaining a "buy" rating, and Wells Fargo reducing theirs from $152.00 to $132.00.
• Integer's most recent earnings report showed a net margin of 4.61% and a revenue increase of 11.4% year-over-year, despite missing earnings per share estimates by $0.02.

QRG Capital Management Inc. grew its position in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,865 shares of the medical equipment provider's stock after acquiring an additional 2,559 shares during the quarter. QRG Capital Management Inc. owned about 0.11% of Integer worth $4,902,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Integer in the first quarter worth about $28,000. Bessemer Group Inc. lifted its holdings in 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 period. SVB Wealth LLC acquired a new stake in Integer in the first quarter worth about $35,000. GAMMA Investing LLC lifted its holdings in Integer by 20.2% in the second quarter. GAMMA Investing LLC now owns 796 shares of the medical equipment provider's stock worth $98,000 after purchasing an additional 134 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in Integer by 1,234.8% in the first quarter. Headlands Technologies LLC now owns 1,228 shares of the medical equipment provider's stock worth $145,000 after purchasing an additional 1,136 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Analysts Set New Price Targets

ITGR has been the subject of several research analyst reports. Truist Financial reduced their price objective on shares of Integer from $145.00 to $137.00 and set a "buy" rating for the company in a report on Friday, July 25th. Raymond James Financial dropped their price target on shares of Integer from $150.00 to $143.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company dropped their price target on shares of Integer from $152.00 to $132.00 and set an "overweight" rating on the stock in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Integer from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Integer in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.57.

Integer Price Performance

NYSE ITGR opened at $105.21 on Monday. The company has a market cap of $3.69 billion, a PE ratio of 46.35, a PEG ratio of 0.83 and a beta of 0.97. Integer Holdings Corporation has a 1 year low of $99.73 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. The stock's 50-day moving average price is $105.65 and its two-hundred day moving average price is $114.03.

Integer (NYSE:ITGR - Get Free Report) last issued its earnings results on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). The business had revenue of $476.00 million during the quarter, compared to analyst estimates of $464.37 million. Integer had a net margin of 4.61% and a return on equity of 12.27%. Integer's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. On average, analysts predict that Integer Holdings Corporation will post 6.01 EPS for the current 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.

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