ProShare Advisors LLC Increases Stock Holdings in Integer Holdings Co. (NYSE:ITGR)

ProShare Advisors LLC lifted its holdings in Integer Holdings Co. (NYSE:ITGR - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,051 shares of the medical equipment provider's stock after purchasing an additional 3,091 shares during the quarter. ProShare Advisors LLC's holdings in Integer were worth $1,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Integer by 304.3% during the fourth quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider's stock valued at $25,000 after purchasing an additional 143 shares during the period. Lee Danner & Bass Inc. purchased a new stake in shares of Integer during the fourth quarter valued at $27,000. R Squared Ltd purchased a new stake in shares of Integer during the fourth quarter valued at $44,000. Sterling Capital Management LLC boosted its stake 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 valued at $45,000 after purchasing an additional 279 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Integer by 31.2% during the fourth quarter. Principal Securities Inc. now owns 639 shares of the medical equipment provider's stock valued at $85,000 after purchasing an additional 152 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Integer news, CEO Joseph W. Dziedzic sold 338,975 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 47,000 shares in the company, valued at approximately $5,788,990. This represents a 87.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.16% of the company's stock.

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 upped their price objective for the stock from $133.00 to $140.00 in a research note on Thursday, May 22nd. Benchmark reduced 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. Wall Street Zen upgraded shares of Integer from a "sell" rating to a "hold" rating in a report on Monday, May 19th. Finally, Oppenheimer downgraded shares of Integer from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $145.00.

Integer Stock Performance

ITGR traded up $2.55 on Tuesday, reaching $120.86. 33,967 shares of the stock were exchanged, compared to its average volume of 371,596. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.95 and a quick ratio of 2.09. The company's 50-day moving average price is $118.35 and its 200 day moving average price is $129.00. The firm has a market capitalization of $4.22 billion, a PE ratio of 35.95, a PEG ratio of 1.72 and a beta of 1.03. Integer Holdings Co. has a fifty-two week low of $104.93 and a fifty-two week high of $146.36.

Integer (NYSE:ITGR - Get Free Report) last issued its earnings results on Thursday, April 24th. The medical equipment provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. The firm had revenue of $437.39 million for the quarter, compared to analyst estimates of $428.51 million. Integer had a return on equity of 11.65% and a net margin of 6.92%. Integer's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, sell-side analysts forecast that Integer Holdings Co. will post 6.01 EPS 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.