MQS Management LLC Takes $272,000 Position in Integer Holdings Corporation (NYSE:ITGR)

MQS Management LLC bought a new stake in shares of Integer Holdings Corporation (NYSE:ITGR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,302 shares of the medical equipment provider's stock, valued at approximately $272,000.

Other institutional investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in Integer in the 4th quarter worth approximately $27,000. AdvisorNet Financial Inc purchased a new stake in Integer in the 1st quarter worth $28,000. Opal Wealth Advisors LLC purchased a new stake in Integer in the 1st quarter worth $28,000. Bessemer Group Inc. increased its holdings in Integer by 73.1% in the 1st quarter. Bessemer Group Inc. now owns 296 shares of the medical equipment provider's stock worth $35,000 after acquiring an additional 125 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Integer by 472.9% during the fourth quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider's stock worth $45,000 after buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ITGR. Raymond James Financial upped their target price on shares of Integer from $145.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Benchmark dropped their target price on shares of Integer from $150.00 to $140.00 and set a "buy" rating for the company in a report on Friday, April 25th. Truist Financial set a $150.00 target price on shares of Integer and gave the stock a "buy" rating in a report on Friday, April 25th. KeyCorp dropped their target price on shares of Integer from $154.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen raised shares of Integer from a "sell" rating to a "hold" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $146.25.

Insider Buying and Selling

In other Integer news, Director Donald J. Spence sold 14,739 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $120.38, for a total value of $1,774,280.82. Following the transaction, the director directly owned 18,781 shares in the company, valued at $2,260,856.78. This represents a 43.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph W. Dziedzic sold 338,975 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $123.17, for a total transaction of $41,751,550.75. Following the completion of the transaction, the chief executive officer owned 47,000 shares in the company, valued at $5,788,990. This represents a 87.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 362,434 shares of company stock worth $44,577,115. Company insiders own 2.16% of the company's stock.

Integer Trading Down 2.3%

NYSE:ITGR traded down $2.61 on Friday, reaching $112.04. 224,336 shares of the company's stock were exchanged, compared to its average volume of 487,822. The company has a quick ratio of 2.14, a current ratio of 3.40 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The business has a fifty day moving average of $119.76 and a 200-day moving average of $124.59. Integer Holdings Corporation has a 52-week low of $104.93 and a 52-week high of $146.36.

Integer (NYSE:ITGR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The medical equipment provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.04. The company had revenue of $437.39 million for the quarter, compared to analyst estimates of $428.51 million. Integer had a net margin of 4.38% and a return on equity of 11.95%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, analysts expect that Integer Holdings Corporation will post 6.01 earnings per share 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.