William Blair Investment Management LLC Acquires Shares of 378,706 Integer Holdings Corporation $ITGR

Key Points

• William Blair Investment Management acquired 378,706 Integer Holdings shares worth approximately $35.4 million, representing about 1.11% of the company.
• Integer reported quarterly EPS of $1.60, beating estimates of $1.38, while revenue reached $464.1 million. The stock opened at $125.22, near its 52-week high of $126.14.
• Analysts remain cautious: 13 rate the stock “Hold” and one rates it “Buy,” with a consensus price target of $109.86—below its current trading level.

William Blair Investment Management LLC acquired a new position in Integer Holdings Corporation (NYSE:ITGR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 378,706 shares of the medical equipment provider's stock, valued at approximately $35,390,000. William Blair Investment Management LLC owned approximately 1.11% of Integer as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ITGR. EverSource Wealth Advisors LLC raised its position in shares of Integer by 48.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider's stock valued at $32,000 after buying an additional 117 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in Integer during the second quarter worth approximately $42,000. TD Private Client Wealth LLC raised its position in Integer by 1,037.5% during the fourth quarter. TD Private Client Wealth LLC now owns 455 shares of the medical equipment provider's stock valued at $36,000 after purchasing an additional 415 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Integer by 135.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 464 shares of the medical equipment provider's stock worth $36,000 after purchasing an additional 267 shares during the period. Finally, Arax Advisory Partners boosted its holdings in shares of Integer by 2,489.5% in the 4th quarter. Arax Advisory Partners now owns 492 shares of the medical equipment provider's stock worth $39,000 after purchasing an additional 473 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Integer Price Performance

NYSE ITGR opened at $125.22 on Friday. The company has a market cap of $4.26 billion, a PE ratio of 34.21, a P/E/G ratio of 2.96 and a beta of 0.61. The firm's 50 day moving average price is $104.12 and its 200-day moving average price is $93.10. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 3.73. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $126.14.

Integer (NYSE:ITGR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.22. Integer had a return on equity of 12.79% and a net margin of 6.97%.The firm had revenue of $464.11 million during the quarter, compared to analysts' expectations of $451.07 million. During the same period in the prior year, the business posted $1.55 EPS. The firm's quarterly revenue was down 2.6% on a year-over-year basis. Sell-side analysts forecast that Integer Holdings Corporation will post 6.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ITGR. Wells Fargo & Company increased their price target on Integer from $84.00 to $127.00 and gave the company an "equal weight" rating in a report on Tuesday, August 4th. Raymond James Financial downgraded shares of Integer from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 3rd. Truist Financial cut shares of Integer from a "buy" rating to a "hold" rating and lifted their price target for the stock from $110.00 to $127.00 in a research note on Monday, August 3rd. Benchmark lowered shares of Integer from a "buy" rating to a "hold" rating in a research report on Thursday, August 13th. Finally, Citigroup raised their price objective on shares of Integer from $92.00 to $96.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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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