TENOR CAPITAL MANAGEMENT Co. L.P. Makes New $4.86 Million Investment in Integer Holdings Corporation $ITGR

Key Points

• TENOR CAPITAL MANAGEMENT Co. L.P. has invested approximately $4.86 million in Integer Holdings Corporation, acquiring 41,188 shares, which represent 0.12% of the company's stock.
• Integer Holdings recently reported quarterly earnings of $1.55 per share, missing analysts' expectations, but achieved revenue of $476 million, exceeding forecasts.
• Wall Street analysts have a generally positive outlook on Integer, with one strong buy, seven buy ratings, and an average target price of $140.25 per share.

TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Integer Holdings Corporation (NYSE:ITGR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,188 shares of the medical equipment provider's stock, valued at approximately $4,861,000. TENOR CAPITAL MANAGEMENT Co. L.P. owned 0.12% of Integer as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Integer in the first quarter worth $1,035,000. Paradigm Capital Management Inc. NY increased its position in shares of Integer by 426.2% during the first quarter. Paradigm Capital Management Inc. NY now owns 22,100 shares of the medical equipment provider's stock valued at $2,608,000 after acquiring an additional 17,900 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Integer in the first quarter worth $220,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Integer by 40.2% during the first quarter. The Manufacturers Life Insurance Company now owns 213,741 shares of the medical equipment provider's stock valued at $25,224,000 after purchasing an additional 61,273 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Integer during the first quarter valued at $680,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup upgraded shares of Integer from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $133.00 to $140.00 in a research note on Thursday, May 22nd. Truist Financial reduced their price objective on Integer from $145.00 to $137.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Wall Street Zen raised Integer from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Raymond James Financial cut their price target on Integer from $150.00 to $143.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Finally, Wells Fargo & Company dropped their price target on shares of Integer from $152.00 to $132.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Integer presently has an average rating of "Buy" and a consensus price target of $140.25.

Integer Price Performance

Shares of NYSE ITGR traded up $0.22 during mid-day trading on Friday, reaching $106.82. The company's stock had a trading volume of 317,647 shares, compared to its average volume of 259,769. The stock has a fifty day moving average of $111.29 and a two-hundred day moving average of $116.77. The firm has a market capitalization of $3.74 billion, a PE ratio of 47.06, a P/E/G ratio of 0.84 and a beta of 1.03. Integer Holdings Corporation has a 52 week low of $104.93 and a 52 week high of $146.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.41 and a quick ratio of 2.18.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The medical equipment provider reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $476.00 million for the quarter, compared to the consensus estimate of $464.37 million. Integer had a net margin of 4.61% and a return on equity of 12.27%. The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. As a group, sell-side analysts anticipate that Integer Holdings Corporation 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.