Integer (NYSE:ITGR) Sets New 1-Year Low - Should You Sell?

Key Points

• Integer Holdings Corporation's stock reached a new 52-week low of $99.73 during trading, closing at $100.11 with significant volume of 654,541 shares.
• Several analysts have revised their price targets, with Truist Financial decreasing theirs from $145 to $137 while Citigroup upgraded Integer to a "strong-buy" status with a price target increase to $140.
• The company reported quarterly earnings showing a slight miss in EPS estimates, posting $1.55 versus an expected $1.57, but generated a revenue of $476 million, surpassing the consensus estimate of $464.37 million.

Integer Holdings Corporation (NYSE:ITGR - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $99.73 and last traded at $100.11, with a volume of 654541 shares traded. The stock had previously closed at $101.34.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ITGR shares. Truist Financial lowered their price target on Integer from $145.00 to $137.00 and set a "buy" rating for the company in a report on Friday, July 25th. Wall Street Zen upgraded Integer from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Raymond James Financial lowered their price target on Integer from $150.00 to $143.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Citigroup upgraded Integer from a "hold" rating to a "strong-buy" rating and increased their price target for the stock from $133.00 to $140.00 in a report on Thursday, May 22nd. Finally, Wells Fargo & Company lowered their price target on Integer from $152.00 to $132.00 and set an "overweight" rating for the company in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Integer presently has an average rating of "Buy" and an average price target of $140.25.

Integer Stock Performance

The company has a quick ratio of 2.18, a current ratio of 3.41 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $3.51 billion, a P/E ratio of 44.10, a P/E/G ratio of 0.80 and a beta of 1.03. The stock has a fifty day moving average of $109.19 and a 200-day moving average of $115.67.

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). The firm had revenue of $476.00 million for the quarter, compared to the consensus estimate of $464.37 million. Integer had a return on equity of 12.27% and a net margin of 4.61%.The firm's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. On average, research analysts anticipate that Integer Holdings Corporation will post 6.01 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ITGR. TD Private Client Wealth LLC boosted its holdings in Integer by 5.8% in the first quarter. TD Private Client Wealth LLC now owns 1,524 shares of the medical equipment provider's stock worth $180,000 after acquiring an additional 83 shares in the last quarter. CWM LLC raised its holdings in shares of Integer by 46.1% in the 2nd quarter. CWM LLC now owns 355 shares of the medical equipment provider's stock worth $44,000 after acquiring an additional 112 shares during the last quarter. Xponance Inc. raised its holdings in shares of Integer by 5.1% in the 1st quarter. Xponance Inc. now owns 2,518 shares of the medical equipment provider's stock worth $297,000 after acquiring an additional 122 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Integer by 73.1% in the 1st quarter. Bessemer Group Inc. now owns 296 shares of the medical equipment provider's stock worth $35,000 after acquiring an additional 125 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Integer by 20.2% during the second quarter. GAMMA Investing LLC now owns 796 shares of the medical equipment provider's stock valued at $98,000 after buying an additional 134 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

About Integer

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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