Legal & General Group Plc Takes Position in Integer Holdings Corporation $ITGR

Key Points

• Legal & General Group Plc acquired 76,728 Integer Holdings shares during the second quarter, worth approximately $7.17 million and representing about 0.23% of the company. Institutional investors collectively own 99.29% of Integer’s stock.
• Integer reported quarterly EPS of $1.60, beating estimates of $1.38, while revenue reached $464.11 million versus expectations of $451.07 million. However, revenue declined 2.6% year over year.
• Shares opened at $125.31, near their 52-week high of $126.14, while analysts maintain a consensus “Hold” rating and an average price target of $109.86.

Legal & General Group Plc bought a new position in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 76,728 shares of the medical equipment provider's stock, valued at approximately $7,170,000. Legal & General Group Plc owned approximately 0.23% of Integer as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Integer by 48.1% in the first quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider's stock valued at $32,000 after purchasing an additional 117 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Integer by 0.6% in the 4th quarter. Kestra Advisory Services LLC now owns 21,424 shares of the medical equipment provider's stock valued at $1,680,000 after buying an additional 136 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Integer by 1.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 9,755 shares of the medical equipment provider's stock valued at $1,200,000 after buying an additional 138 shares during the last quarter. Lido Advisors LLC grew its position in shares of Integer by 5.5% in the 4th quarter. Lido Advisors LLC now owns 2,887 shares of the medical equipment provider's stock valued at $226,000 after buying an additional 151 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Integer by 3.6% during the 1st quarter. Glenmede Trust Co. NA now owns 4,805 shares of the medical equipment provider's stock worth $423,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Integer Trading Down 0.1%

Shares of ITGR stock opened at $125.31 on Thursday. The business's fifty day moving average price is $109.68 and its 200 day moving average price is $95.37. The firm has a market capitalization of $4.26 billion, a PE ratio of 34.24, a P/E/G ratio of 2.37 and a beta of 0.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.73 and a quick ratio of 2.41. Integer Holdings Corporation has a 1-year low of $62.00 and a 1-year high of $126.14.

Integer (NYSE:ITGR - Get Free Report) last released its 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 company had revenue of $464.11 million during the quarter, compared to the consensus estimate of $451.07 million. Integer had a return on equity of 12.79% and a net margin of 6.97%.Integer's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. As a group, sell-side analysts forecast that Integer Holdings Corporation will post 6.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. HC Wainwright restated a "buy" rating on shares of Integer in a research note on Friday, July 24th. Citigroup boosted their target price on Integer from $92.00 to $96.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Integer in a research report on Thursday, June 18th. Freedom Capital cut Integer from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company increased their price objective on Integer from $84.00 to $127.00 and gave the company an "equal weight" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Integer has an average rating of "Hold" and a consensus price target of $109.86.

Integer 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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