Intech Investment Management LLC Purchases 10,915 Shares of Integer Holdings Corporation $ITGR

Key Points

• Intech Investment Management LLC increased its holdings in Integer Holdings Corporation by 92.8% in the first quarter, owning 22,682 shares worth approximately $2.7 million.
• Integer reported $1.55 EPS for the quarter, slightly missing estimates, but revenues increased by 11.4% year-over-year, reaching $476 million.
• Analysts generally rate Integer stock as a "Buy" or "Strong Buy", with a consensus target price of $140.25, despite some recent reductions in price objectives by various firms.

Intech Investment Management LLC lifted its holdings in Integer Holdings Corporation (NYSE:ITGR - Free Report) by 92.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,682 shares of the medical equipment provider's stock after acquiring an additional 10,915 shares during the period. Intech Investment Management LLC owned 0.07% of Integer worth $2,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITGR. Deutsche Bank AG increased its position in shares of Integer by 49.8% during the fourth quarter. Deutsche Bank AG now owns 29,381 shares of the medical equipment provider's stock worth $3,894,000 after acquiring an additional 9,770 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Integer by 33.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,516 shares of the medical equipment provider's stock worth $1,261,000 after buying an additional 2,384 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Integer by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,678 shares of the medical equipment provider's stock worth $2,740,000 after buying an additional 685 shares during the period. ProShare Advisors LLC lifted its position in Integer by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 10,051 shares of the medical equipment provider's stock valued at $1,332,000 after purchasing an additional 3,091 shares during the period. Finally, Teza Capital Management LLC lifted its position in Integer by 11.6% during the fourth quarter. Teza Capital Management LLC now owns 2,727 shares of the medical equipment provider's stock valued at $361,000 after purchasing an additional 284 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ITGR has been the subject of a number of research reports. Citigroup raised shares of Integer from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from $133.00 to $140.00 in a research note on Thursday, May 22nd. Wells Fargo & Company dropped their target price 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. Raymond James Financial reduced their target price on shares of Integer from $150.00 to $143.00 and set an "outperform" rating for the company 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 for the company in a report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Integer from a "hold" rating to a "buy" rating in a report 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $140.25.

Integer Stock Performance

ITGR traded up $2.74 during trading on Tuesday, reaching $102.93. 1,036,431 shares of the company's stock were exchanged, compared to its average volume of 304,314. Integer Holdings Corporation has a fifty-two week low of $99.73 and a fifty-two week high of $146.36. 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 business has a 50 day moving average price of $108.89 and a 200 day moving average price of $115.58. The company has a market capitalization of $3.61 billion, a P/E ratio of 45.34, a PEG ratio of 0.79 and a beta of 1.03.

Integer (NYSE:ITGR - Get Free Report) last posted its quarterly 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). Integer had a return on equity of 12.27% and a net margin of 4.61%.The business had revenue of $476.00 million for the quarter, compared to analyst estimates of $464.37 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm's quarterly revenue was up 11.4% on a year-over-year basis. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. As a group, analysts predict that Integer Holdings Corporation will post 6.01 earnings per share for the current fiscal year.

Integer Company 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.