Neo Ivy Capital Management purchased a new stake in Integer Holdings Corporation (NYSE:ITGR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,936 shares of the medical equipment provider's stock, valued at approximately $1,527,000.
A number of other institutional investors have also recently bought and sold shares of the business. AdvisorNet Financial Inc purchased a new stake in shares of Integer during the first quarter worth $28,000. Opal Wealth Advisors LLC acquired a new position in Integer in the 1st quarter worth about $28,000. Bessemer Group Inc. raised its stake in shares of Integer by 73.1% during the 1st quarter. Bessemer Group Inc. now owns 296 shares of the medical equipment provider's stock worth $35,000 after purchasing an additional 125 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Integer by 472.9% in the 4th quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider's stock valued at $45,000 after buying an additional 279 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its holdings in Integer by 103.9% in the first quarter. Contravisory Investment Management Inc. now owns 1,413 shares of the medical equipment provider's stock worth $167,000 after buying an additional 720 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
ITGR has been the topic of a number of recent research reports. KeyCorp cut their price target on shares of Integer from $154.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Truist Financial set a $150.00 target price on shares of Integer and gave the company a "buy" rating in a research note on Friday, April 25th. Citigroup raised Integer from a "hold" rating to a "strong-buy" rating and upped their price target for the company from $133.00 to $140.00 in a report on Thursday, May 22nd. Benchmark lowered their price objective on Integer from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Raymond James Financial lifted their target price on shares of Integer from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Two 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.25.
View Our Latest Research Report on Integer
Insiders Place Their Bets
In other news, CEO Joseph W. Dziedzic sold 338,975 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $123.17, for a total value 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 trade represents a 87.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald J. Spence sold 14,739 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $120.38, for a total value of $1,774,280.82. Following the sale, the director owned 18,781 shares in the company, valued at $2,260,856.78. The trade was a 43.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 362,434 shares of company stock valued at $44,577,115 in the last three months. 2.16% of the stock is currently owned by corporate insiders.
Integer Stock Down 7.2%
Shares of Integer stock opened at $107.45 on Friday. The firm has a market cap of $3.75 billion, a PE ratio of 50.92, a P/E/G ratio of 1.00 and a beta of 0.98. The business's 50 day simple moving average is $119.04 and its 200 day simple moving average is $123.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 3.40. 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 posted its quarterly earnings data on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). Integer had a net margin of 4.38% and a return on equity of 11.95%. The business had revenue of $476.00 million during the quarter, compared to analyst estimates of $464.37 million. During the same quarter last year, the business earned $1.30 earnings per share. Integer's revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Integer Holdings Corporation will post 6.01 earnings per share for the current fiscal year.
Integer Company Profile
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Free Report)
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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