Integer (NYSE:ITGR) Sets New 12-Month Low - Time to Sell?

Key Points

• Integer Holdings Corporation's stock recently hit a new 12-month low at $99.54, closing at $100.23, with significant trading volume of 197,658 shares.
• Multiple analysts have revised their price targets for Integer, with Wells Fargo lowering it to $132.00; however, the stock still maintains a consensus rating of Moderate Buy and a target price of $139.57.
• In the last quarter, Integer reported earnings of $1.55 per share, missing estimates, but saw revenues of $476 million, which exceeded expectations and represented an 11.4% increase year-over-year.

Integer Holdings Corporation (NYSE:ITGR - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $99.54 and last traded at $100.23, with a volume of 197658 shares traded. The stock had previously closed at $103.40.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ITGR shares. Raymond James Financial dropped their target price on Integer from $150.00 to $143.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Truist Financial dropped 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. Wells Fargo & Company lowered their target price on Integer from $152.00 to $132.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. Wall Street Zen raised Integer from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Integer in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.57.

Integer Trading Down 3.3%

The company has a fifty day simple moving average of $105.31 and a two-hundred day simple moving average of $113.74. The stock has a market capitalization of $3.50 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 0.83 and a beta of 0.97. The company has a quick ratio of 2.18, a current ratio of 3.41 and a debt-to-equity ratio of 0.72.

Integer (NYSE:ITGR - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $476.00 million during the quarter, compared to analyst estimates of $464.37 million. Integer had a net margin of 4.61% and a return on equity of 12.27%. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 EPS. Integer has set its FY 2025 guidance at 6.250-6.510 EPS. On average, sell-side analysts expect that Integer Holdings Corporation will post 6.01 earnings per share for the current year.

Institutional Trading of Integer

Several large investors have recently modified their holdings of ITGR. Alliancebernstein L.P. grew its holdings in shares of Integer by 885.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider's stock worth $136,016,000 after purchasing an additional 993,810 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Integer during the first quarter worth $33,337,000. Nuveen LLC bought a new stake in Integer during the first quarter worth $17,634,000. Millennium Management LLC lifted its stake in Integer by 2,408.8% during the first quarter. Millennium Management LLC now owns 123,132 shares of the medical equipment provider's stock worth $14,531,000 after purchasing an additional 118,224 shares during the last quarter. Finally, Viking Global Investors LP lifted its stake in Integer by 9.1% during the second quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider's stock worth $157,889,000 after purchasing an additional 106,692 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

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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