Integer (NYSE:ITGR) Earns "Hold" Rating from Benchmark

Key Points

• Integer's stock has been assigned a "hold" rating by Benchmark, with multiple analysts giving varying ratings from "buy" to "neutral" recently.
• The company reported a quarterly EPS of $1.79, surpassing estimates and showing an 8.4% revenue increase compared to the same quarter last year.
• Institutional investors own 99.29% of Integer's stock, with notable increases in holdings reported by several hedge funds in the third quarter.

Integer (NYSE:ITGR - Get Free Report)'s stock had its "hold" rating reissued by research analysts at Benchmark in a research report issued to clients and investors on Friday,Benzinga reports.

Several other analysts have also issued reports on ITGR. Citigroup lowered Integer from a "buy" rating to a "neutral" rating in a report on Thursday. Wells Fargo & Company reiterated an "equal weight" rating on shares of Integer in a research note on Friday. Truist Financial reduced their target price on shares of Integer from $137.00 to $121.00 and set a "buy" rating for the company in a report on Wednesday, October 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Integer in a research report on Wednesday, October 8th. Finally, Raymond James Financial decreased their price objective on shares of Integer from $150.00 to $143.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Integer currently has an average rating of "Hold" and an average price target of $135.57.

Integer Stock Performance

Shares of NYSE ITGR opened at $73.37 on Friday. Integer has a 12-month low of $66.50 and a 12-month high of $146.36. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a current ratio of 3.41, a quick ratio of 2.18 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $104.29 and a 200 day moving average of $112.67.

Integer (NYSE:ITGR - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The medical equipment provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.11. Integer had a net margin of 4.61% and a return on equity of 12.27%. The business had revenue of $467.69 million for the quarter, compared to analysts' expectations of $466.45 million. During the same quarter last year, the company posted $1.43 EPS. The company's revenue was up 8.4% compared to the same quarter last year. Integer has set its FY 2025 guidance at 6.290-6.430 EPS. On average, research analysts anticipate that Integer will post 6.01 earnings per share for the current year.

Hedge Funds Weigh In On Integer

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tributary Capital Management LLC grew its stake in Integer by 92.6% during the third quarter. Tributary Capital Management LLC now owns 499,776 shares of the medical equipment provider's stock valued at $51,642,000 after acquiring an additional 240,226 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Integer by 127.3% in the 3rd quarter. SG Americas Securities LLC now owns 45,951 shares of the medical equipment provider's stock worth $4,748,000 after buying an additional 25,732 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Integer by 7.1% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 7,500 shares of the medical equipment provider's stock worth $775,000 after buying an additional 500 shares during the last quarter. Cerity Partners LLC increased its stake in Integer by 344.2% during the third quarter. Cerity Partners LLC now owns 118,468 shares of the medical equipment provider's stock worth $12,241,000 after acquiring an additional 91,797 shares during the last quarter. Finally, North Growth Management Ltd. raised its position in Integer by 5.1% during the third quarter. North Growth Management Ltd. now owns 103,000 shares of the medical equipment provider's stock valued at $10,593,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 99.29% of the company's stock.

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.

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